Nan Nan Resources Enterprise Limited
Nan Nan Resources Enterprise Limited (HKSE: 1229) is trading at HK$0.16, about ₹2 at today's HKD/INR rate, as of 30 Sep 2026, 2:16 AM ET, down 0.63% today. Indian residents can buy Nan Nan Resources Enterprise from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$0.16
Today's high
HK$0.16
52 week low
HK$0.13
52 week high
HK$0.29
1229 opened at HK$0.16, closed previously at HK$0.16, and has traded between HK$0.13 and HK$0.29 over the past 52 weeks.
About
Nan Nan Resources Enterprise Limited, an investment holding company, engages in the mining and sale of coal in the Mainland China, Hong Kong, Singapore, the United Kingdom, and Malaysia. The company operates through three segments: Coal Mining Business, Renewable Energy Business, and IT Services Business. It owns mining right in the Kaiyuan Open Pit Coal Mine located in Xinjiang. The company also provides renewable energy solutions and solar farm development services. In addition, it offers information technology outsourcing, consultancy, and technical services, as well as sells IT hardware products. The company was formerly known as International Resources Enterprise Limited and changed its name to Nan Nan Resources Enterprise Limited in September 2011. The company was incorporated in 1995 and is headquartered in Admiralty, Hong Kong. Nan Nan Resources Enterprise Limited is a subsidiary of Ascent Goal Investments Limited.
Key statistics
Avg. volume
146.24K
Market cap
HK$120.93M
P/E Ratio
-17.36
Price-to-sales ratio
0.31
Enterprise value
-HK$98.32M
Free cash flow yield
0.00%
Debt-to-equity ratio
0.39
Return on equity
-2.69%
ROIC
-8.82%
Beta
-3.94
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
HK$387.96M
Earnings per share
-HK$0.01
Free cash flow
HK$0.00
Net profit margin
-1.80%
Gross margin
37.77%
EBITDA
HK$116.14M
Revenue growth
18.63%
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This is not an investment recommendation
How to buy Nan Nan Resources Enterprise from India
Indian residents can buy Nan Nan Resources Enterprise shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for Nan Nan Resources Enterprise and place an order
Find Nan Nan Resources Enterprise by name or by its ticker, 1229, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. Nan Nan Resources Enterprise trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Nan Nan Resources Enterprise position in HKD and INR. Nan Nan Resources Enterprise pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in Nan Nan Resources Enterprise from India
Trading and taxes when buying Nan Nan Resources Enterprise from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneNan Nan Resources Enterprise does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- Estate or inheritance tax
- May applyHong Kong has no estate duty.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Nan Nan Resources Enterprise stock?
Yes. Nan Nan Resources Enterprise (1229) has been listed on the Hong Kong Stock Exchange since 1995, in the Coal industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Nan Nan Resources Enterprise share cost in rupees?
One Nan Nan Resources Enterprise share is HK$0.16 — about ₹2 at an HKD/INR rate of 12.24 on 29 Sep 2026. Both the Nan Nan Resources Enterprise price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Nan Nan Resources Enterprise from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Nan Nan Resources Enterprise?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on Nan Nan Resources Enterprise shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the Nan Nan Resources Enterprise price. Paasa issues a capital-gains statement for your return.
Does Nan Nan Resources Enterprise pay a dividend?
No. Nan Nan Resources Enterprise does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade Nan Nan Resources Enterprise from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Nan Nan Resources Enterprise shares held from India?
Hong Kong has no estate duty.
Do I have to declare Nan Nan Resources Enterprise shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Nan Nan Resources Enterprise holding, its cost and its closing value.
How do I sell Nan Nan Resources Enterprise and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.