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China Rare Earth Holdings ( (HK:0769) ) has shared an update.
China Rare Earth Holdings Limited announced updates regarding a trading halt and an ongoing investigation into unauthorized actions by former directors. The company revealed that a trading halt was improperly initiated without board approval, leading to a suspension of trading. This incident, along with other governance issues, has prompted the company to establish an independent investigation committee to address potential misappropriation of assets and other complaints. The situation highlights significant governance challenges and could impact stakeholder confidence.
The most recent analyst rating on (HK:0769) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Rare Earth Holdings stock, see the HK:0769 Stock Forecast page.
More about China Rare Earth Holdings
China Rare Earth Holdings Limited operates in the rare earth industry, focusing on the production and supply of rare earth elements and related products. The company is involved in the acquisition and trading of tungsten bars, indicating a focus on expanding its market presence in the rare metals sector.
YTD Price Performance: 75.00%
Average Trading Volume: 155,422,552
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.95B
For a thorough assessment of 0769 stock, go to TipRanks’ Stock Analysis page.