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China Rare Earth Holdings ( (HK:0769) ) has provided an announcement.
China Rare Earth Holdings Limited has announced the establishment of an independent investigation committee following allegations of asset misappropriation within its subsidiaries in mainland China. The investigation will address these claims, review internal controls, and assess the impact on business operations. Additionally, the company is probing the validity of a recent acquisition of tungsten bars. Trading of the company’s shares remains halted until further notice, with stakeholders advised to exercise caution.
More about China Rare Earth Holdings
China Rare Earth Holdings Limited operates in the rare earth industry, focusing on the production and distribution of rare earth materials and refractory products. The company is involved in the extraction and processing of these materials, which are crucial for various high-tech applications and industries.
YTD Price Performance: 75.00%
Average Trading Volume: 52,137,093
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.95B
For detailed information about 0769 stock, go to TipRanks’ Stock Analysis page.