CGN MINING(HK:01164) 智通财经网·2025-12-09 08:37Group 1 - China General Nuclear Power Corporation (CGN) Mining (01164) experienced a significant decline of over 8%, trading at HKD 2.99 with a transaction volume of HKD 193 million [1] - Kazakhstan's proposed draft to strengthen regulation of uranium mining joint ventures has passed the lower house and is awaiting Senate review, indicating potential regulatory changes in the industry [1] - The draft requires Kazatomprom to negotiate with joint venture partners during contract renewals, with some partners expressing reservations about the proposal [1] Group 2 - CMB International released a research report stating that the policy shift in Kazakhstan is not entirely unexpected given the anticipated tight uranium supply over the next decade [1] - The new policy is expected to have a minor impact on CGN Mining's ownership of reserves, but it may introduce uncertainty regarding the company's target multiples [1] - The target valuation remains unchanged for now, but the company will continue to monitor the developments in policy changes closely [1]