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The latest update is out from China Rare Earth Holdings ( (HK:0769) ).
China Rare Earth Holdings Limited announced the appointment of an independent forensic investigator following allegations of potential misappropriation of funds and other irregularities within its subsidiaries. The company is also facing continued suspension of trading due to unresolved issues related to a recent acquisition of tungsten bars and subsequent complaints from former directors. These developments could impact the company’s operational stability and stakeholder confidence.
More about China Rare Earth Holdings
China Rare Earth Holdings Limited operates in the rare earth industry, focusing on the production and sale of rare earth elements and refractory products. The company is involved in the acquisition and management of rare earth resources and has a significant market presence in China.
Average Trading Volume: 79,631,736
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.95B
See more insights into 0769 stock on TipRanks’ Stock Analysis page.