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China Rare Earth Holdings ( (HK:0769) ) just unveiled an update.
China Rare Earth Holdings Limited has announced a supplemental agreement regarding the subscription of new shares under a general mandate. The subscription involves a global investment company led by Mr. Yu Jiang, who has extensive experience in corporate investment and equity financing. The subscription aims to leverage the strategic advice and operational resources of the Subscriber to enhance the company’s investment value and operational efficiency. The proceeds from the subscription will be used primarily for the company’s Hong Kong office expenses and other professional fees.
More about China Rare Earth Holdings
YTD Price Performance: 18.33%
Average Trading Volume: 29,888
Technical Sentiment Signal: Sell
Current Market Cap: $117.7M
See more insights into 0769 stock on TipRanks’ Stock Analysis page.