China Rare Earth Nonferrous Metals Co.,Ltd. (600259.SH) announced plans to optimize its asset structure and resource allocation by focusing on its core business. The company will list its 37% stake in Guangdong Dongdianhua GuangSheng Rare Earth High-tech Materials Co., Ltd. (Dongdianhua) for public sale on the Guangdong United Assets and Equity Exchange.
The minimum listing price for the stake is set at 142 million yuan, with the final transaction price and counterparty to be determined by the public listing results. Following the completion of this equity transfer, the company will no longer hold any stake in Dongdianhua.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments