JL MAG Rare-Earth Co., Ltd. Class H (HK:6680) has released an update.
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JL MAG Rare-Earth Co., Ltd. has announced a strategic move to issue up to 6,723,800 new H shares under a specific mandate, with funds earmarked for raw materials, debt repayment, and operational uses. The company has engaged a placing agent to facilitate this process, targeting a minimum of six independent placees. Investors are advised to stay cautious as the completion of the placing is subject to certain conditions.
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