China Rare Earth Holdings Expands with Tungsten Bars Acquisition

The latest announcement is out from China Rare Earth Holdings ( (HK:0769) ).

China Rare Earth Holdings Limited has announced a significant acquisition of tungsten bars valued at HK$150,000,000, determined through a market-based valuation approach. This acquisition, involving the issuance of consideration shares under a general mandate, highlights the company’s strategic move to strengthen its position in the rare earth market by leveraging current market trends and pricing dynamics.

More about China Rare Earth Holdings

China Rare Earth Holdings Limited, along with its subsidiaries, operates in the rare earth industry, focusing on the acquisition and management of rare earth materials, including tungsten bars.

Average Trading Volume: 28,091,558

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.84B

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