China Rare Earth Cleared of Wrong Doing in Independent Audit of Tungsten Bar Purchase

MT Newswires Live12-09

China Rare Earth (HKG:0769) said an independent forensic firm hired by the company to investigate complaints over the purchase of tungsten bars cleared the company of any wrongdoing, according to a Hong Kong bourse filing Monday.

Shares of the company remain suspended from trading.

Acclime Corporate Advisory (Hong Kong) began probing the matter following complaints from former directors and employees over the purchase of tungsten bars from a new substantial shareholder.

The investigator concluded that the purchase complied with necessary regulation and by-laws and the complaint lacked merit.

As a result, China Rare Earth no remedial actions were necessary.

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

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2590399918?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-09 11:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2590399918","market":"sg","top_or_hot":-1,"title":"China Rare Earth Cleared of Wrong Doing in Independent Audit of Tungsten Bar Purchase","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/CREQF\">China Rare Earth</a> (HKG:0769) said an independent forensic firm hired by the company to investigate complaints over the purchase of tungsten bars cleared the company of any wrongdoing, according to a Hong Kong bourse filing Monday.</p><p>Shares of the company remain suspended from trading.</p><p>Acclime Corporate Advisory (Hong Kong) began probing the matter following complaints from former directors and employees over the purchase of tungsten bars from a new substantial shareholder.</p><p>The investigator concluded that the purchase complied with necessary regulation and by-laws and the complaint lacked merit.</p><p>As a result, <a href=\"https://laohu8.com/S/000831\">China Rare Earth</a> no remedial actions were necessary.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Rare Earth Cleared of Wrong Doing in Independent Audit of Tungsten Bar Purchase</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Rare Earth Cleared of Wrong Doing in Independent Audit of Tungsten Bar Purchase\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-09 11:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/CREQF\">China Rare Earth</a> (HKG:0769) said an independent forensic firm hired by the company to investigate complaints over the purchase of tungsten bars cleared the company of any wrongdoing, according to a Hong Kong bourse filing Monday.</p><p>Shares of the company remain suspended from trading.</p><p>Acclime Corporate Advisory (Hong Kong) began probing the matter following complaints from former directors and employees over the purchase of tungsten bars from a new substantial shareholder.</p><p>The investigator concluded that the purchase complied with necessary regulation and by-laws and the complaint lacked merit.</p><p>As a result, <a href=\"https://laohu8.com/S/000831\">China Rare Earth</a> no remedial actions were necessary.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1190","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2590399918","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590399918","pubTimestamp":1765251911,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"China Rare Earth  said an independent forensic firm hired by the company to investigate complaints over the purchase of tungsten bars cleared the company of any wrongdoing, according to a Hong Kong bourse filing Monday.Shares of the company remain suspended from trading.Acclime Corporate Advisory  began probing the matter following complaints from former directors and employees over the purchase of tungsten bars from a new substantial shareholder.The investigator concluded that the purchase complied with necessary regulation and by-laws and the complaint lacked merit.As a result, China Rare Earth no remedial actions were necessary.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1190":"多种金属与采矿","00769":"中国稀土","BK1513":"稀土概念"},"translate_title":"中国稀土澄清钨棒采购独立审计不当行为","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00769":0.9},"content_text":"China Rare Earth (HKG:0769) said an independent forensic firm hired by the company to investigate complaints over the purchase of tungsten bars cleared the company of any wrongdoing, according to a Hong Kong bourse filing Monday.Shares of the company remain suspended from trading.Acclime Corporate Advisory (Hong Kong) began probing the matter following complaints from former directors and employees over the purchase of tungsten bars from a new substantial shareholder.The investigator concluded that the purchase complied with necessary regulation and by-laws and the complaint lacked merit.As a result, China Rare Earth no remedial actions were necessary.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590399918","isCrawlerRequest":true}