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An announcement from China Rare Earth Holdings ( (HK:0769) ) is now available.
China Rare Earth Holdings Limited is facing significant challenges, including numerous lawsuits and enforcement cases involving its subsidiaries, as well as potential asset misappropriation risks. The company is unable to ascertain the actual business operations of its subsidiaries but is working towards resuming manufacturing and sales by establishing a new subsidiary. Efforts are ongoing to formulate a viable proposal for the resumption of trading in its shares.
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 is primarily engaged in the manufacturing and sale of rare earth products and refractory products through its subsidiaries in the People’s Republic of China, contributing over 90% of the group’s total revenue.
Average Trading Volume: 51,235,404
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.95B
For a thorough assessment of 0769 stock, go to TipRanks’ Stock Analysis page.