This morning, investors are likely to focus on those companies that may have come into focus on Thursday. Hence, it could be a good idea to consider taking a closer look into China Dongsheng International Inc. (OTC:CDSG). The company hit the news cycle on Thursday after it came up with a corporate update pertaining to some key business-related items.
The company announced that on April 3, it had filed a Form 10 registration statement with the United States Securities and Exchange Commission. China Dongsheng International noted that it expected the Form 10 to become fully effective in June 2024. The company further noted that the Form 10 included information with regards to its strategy, assets, business, and historical financial results.
On September 30, 2024, the fiscal year would come to an end for the company, and if China Dongsheng International filed its audited financials on December 21, 2024, at the latest, then it would be the second consecutive year in which the company would file its audited financial results with the SEC.
It was further noted that following that filing and given the capital assets on its books, China Dongsheng International remained confident that it would apply for an uplisting to CBOE or NASDAQ at some point in 2025. The company also announced yesterday that it was aware of the fact that the macroeconomic environment for development and investment was moving in favor of copper and precious metals.
Precious metals explorers and miners were moving into a strong period in which there would be an enhancement in value, and hence, a new phase of considerable capital allocation for such projects had also started. The management of China Dongsheng International boasts significant knowledge about the precious metals sector and about the projects that propel the sector as a whole.
