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The latest announcement is out from JL MAG Rare-Earth Co., Ltd. Class H ( (HK:6680) ).
JL MAG Rare-Earth Co., Ltd. announced that its controlling shareholder, Ganzhou Geshuo Investment Management Center, has pledged a portion of its shares for daily operations. This pledge involves 180,000 shares, representing 20.92% of the shares held by Ganzhou Geshuo and 0.13% of the company’s total share capital. The pledge is with the Industrial Bank Co., Ltd., Ganzhou Branch, and does not involve performance commitments or share compensation obligations. This move reflects a strategic financial decision to support the company’s operational needs without affecting its asset restructuring plans.
More about JL MAG Rare-Earth Co., Ltd. Class H
JL MAG Rare-Earth Co., Ltd. is a joint stock limited company based in the People’s Republic of China, operating in the rare-earth industry. The company is involved in the production and management of rare-earth materials, which are crucial for various high-tech applications and industries.
Average Trading Volume: 12,951,580
Technical Sentiment Signal: Buy
Current Market Cap: HK$28.11B
See more data about 6680 stock on TipRanks’ Stock Analysis page.