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JL MAG Rare-Earth Co., Ltd. Class H ( (HK:6680) ) just unveiled an announcement.
JL MAG Rare-Earth Co., Ltd. announced that Ganzhou Geshuo Investment Management Center, an entity acting in concert with a controlling shareholder, has released a pledge over 2 million A shares, representing 23.25% of its own holdings and 0.15% of the company’s total share capital, originally pledged in April 2025 to CITIC Bank’s Ganzhou branch. Following this change, the total number of pledged shares held by controlling shareholders and their concert parties has decreased from 56.8 million to 54.8 million shares, with the company confirming that these shares are neither frozen nor auctioned and that there is no risk of forced liquidation. The company states that the release of the pledge will not alter its de facto control structure and will not materially affect its operations, management, or corporate governance, signaling stability and reduced financial encumbrance for key shareholders from a governance and risk perspective.
The most recent analyst rating on (HK:6680) stock is a Hold with a HK$18.00 price target. To see the full list of analyst forecasts on JL MAG Rare-Earth Co., Ltd. Class H stock, see the HK:6680 Stock Forecast page.
More about JL MAG Rare-Earth Co., Ltd. Class H
JL MAG Rare-Earth Co., Ltd. is a China-incorporated company listed in Hong Kong that operates in the rare-earth materials sector, focusing on the production and supply of rare-earth products and related materials that are critical to high-tech, industrial, and green-energy applications. Its shareholder base includes controlling shareholders and affiliated investment entities that actively manage their equity positions through pledges and other capital arrangements in the Chinese and Hong Kong capital markets.
Average Trading Volume: 13,217,595
Technical Sentiment Signal: Buy
Current Market Cap: HK$46.05B
Find detailed analytics on 6680 stock on TipRanks’ Stock Analysis page.