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China Rare Earth Holdings ( (HK:0769) ) just unveiled an update.
China Rare Earth Holdings Limited provided an update on its resumption progress and continued suspension of trading on the Hong Kong Stock Exchange. The company revealed significant issues, including lawsuits against subsidiaries, potential financial misrepresentation, and operational challenges, pointing to risks of asset misappropriation and diminished operations. These findings could critically impact stakeholders and market confidence, while raising concerns about the company’s governance and financial stability.
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 and refractory materials sector through subsidiaries in mainland China, contributing over 90% of the group’s revenue. Its focus includes materials critical for various industrial applications.
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.95B
For an in-depth examination of 0769 stock, go to TipRanks’ Overview page.