China Rare Earth Nonferrous Metals Co.,Ltd. (600259.SH) has issued an announcement stating that its shareholder, Guangdong Rare Earth Industry Group Co., Ltd., intends to reduce its shareholding in the company. The plan involves selling no more than 3.3644 million shares, representing no more than 1% of the company's total share capital, through a centralized bidding method. The divestment is scheduled to occur within three months, starting 15 trading days after the disclosure of this reduction plan.
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