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JL MAG Rare-Earth Co., Ltd. Class H ( (HK:6680) ) just unveiled an update.
JL MAG Rare-Earth Co., Ltd. has announced a proposal to refresh its existing general mandate to issue additional A and H shares. This move is aimed at granting the board the authority to allot, issue, and deal with these shares or related securities, not exceeding 5% of the company’s total shares. The proposal requires approval from independent shareholders at an extraordinary general meeting (EGM). The initiative is part of the company’s strategic efforts to enhance its financial flexibility and strengthen its market position.
More about JL MAG Rare-Earth Co., Ltd. Class H
JL MAG Rare-Earth Co., Ltd. is a company based in the People’s Republic of China, operating in the rare-earth industry. The company is involved in the production and distribution of rare-earth materials, which are essential components in various high-tech applications and industries.
Average Trading Volume: 13,055,837
Technical Sentiment Signal: Buy
Current Market Cap: HK$39.21B
For a thorough assessment of 6680 stock, go to TipRanks’ Stock Analysis page.