Shenghe Resources Holding Co.,Ltd. (600392.SH) has issued a formal announcement to counter recent market rumors, clarifying that its controlling shareholder has no intention of transferring its controlling stake.
The company said it recently became aware of unfounded claims circulated by overseas media, suggesting that a rare earth enterprise group was planning to acquire its controlling interest, which would indirectly give the acquirer access to the company's overseas assets. These claims were subsequently republished by some domestic outlets, prompting the company to step forward to prevent any potential misunderstanding among investors.
In response to an official inquiry, the controlling shareholder, the Institute of Multipurpose Utilization of Mineral Resources, Chinese Academy of Geological Sciences (referred to as the "Utilization Institute"), has explicitly confirmed that there are no current plans to sell its controlling interest in the company.
Through years of operational practice, the company has developed a distinct strategic identity, positioning itself as a "responsible international supplier of critical raw materials." The company's development direction remains unchanged. Going forward, Shenghe Resources Holding Co.,Ltd. will continue to leverage its strengths to contribute to the stability of the rare earth industry and support its sustainable, healthy growth.
Comments