China Africa Resources formal name change delayed

Shares fell in China Africa Resources on Thursday as the miner said there was a delay to its formal name change to Pembridge Resources.

The formal change of name and ticker on AIM has been “temporarily delayed “ due to “minor legal issues”, but the company maintained that it will continue to trade using Pembridge Resources until it has been resolved.

The company gained shareholder approval for the change in moniker at its last general meeting on 2 March.

Shares in China Africa Resources were down 10.1% to 2.36p at 1238 GMT.