China Rare Earth Holdings Unveils Forensic Investigation Findings on Tungsten Bars Acquisition

An announcement from China Rare Earth Holdings ( (HK:0769) ) is now available.

China Rare Earth Holdings Limited has announced the findings of an independent forensic investigation into its acquisition of tungsten bars. The investigation was prompted by complaints from former directors questioning the validity and authenticity of the acquisition process, including concerns over valuation, quality, and approval procedures. The independent investigation committee, with the help of a forensic investigator, assessed these issues and reported the findings to the board. The outcome of this investigation could have significant implications for the company’s operations and stakeholder trust, as it addresses potential irregularities in the acquisition process.

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 sale of rare earth elements and related products. The company is involved in the acquisition and management of rare earth resources, with a market focus on providing materials essential for various high-tech and industrial applications.

YTD Price Performance: 75.00%

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.95B

See more data about 0769 stock on TipRanks’ Stock Analysis page.