China Rare Earth Holdings Announces Tungsten Bars Acquisition

China Rare Earth Holdings ( (HK:0769) ) just unveiled an update.

China Rare Earth Holdings has announced a discloseable transaction involving the acquisition of tungsten bars. The transaction, valued at HK$150,000,000, will be settled through the issuance of 400,000,000 consideration shares under the general mandate. This acquisition represents approximately 16.7% of the company’s issued share capital and is subject to reporting and announcement requirements under the Listing Rules.

More about China Rare Earth Holdings

Average Trading Volume: 9,328,378

Technical Sentiment Signal: Hold

Current Market Cap: HK$908.4M

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