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The Global auto industry is anxious: changes in rare earth supply may lead to production interruptions!
①China has implemented export controls on rare earth minerals in response to the USA's unreasonable tariff policy; ②The seven restricted rare earth elements are crucial for military and Autos applications, raising concerns in the Global market; ③Industry insiders warn that the inventory of auto groups and their suppliers can last three to six months, and if the supply continues to face shortages, then the Global Autos supply chain will encounter serious troubles.
CHINA RAREEARTH (000831.SZ): Appointed Zhao Xuechao as the financial director.
On April 18, Gelonghui announced that CHINA RAREEARTH (000831.SZ) has appointed Mr. Zhao Xuechao as the company's Chief Financial Officer, based on the relevant provisions of the Company Law and the Articles of Association, with the nomination by the General Manager and approval from the Board of Directors, effective from the date of approval at the 15th meeting of the 9th Board of Directors until the end of the 9th Board of Directors' term.
CHINA RAREEARTH (00769.HK) plans to issue 48.75 million shares at a discount of approximately 16.9%, with net proceeds of 15.5 million Hong Kong dollars.
On April 16, Gelonghui announced that CHINA RAREEARTH (00769.HK) signed a subscription agreement with subscribers on April 16, 2025. According to this agreement, the subscribers conditionally agree to subscribe, and the company conditionally agrees to issue and allocate a total of 48.75 million shares at an issue price of HKD 0.32 per share. The subscribed shares will be issued and allocated according to the general authorization. The subscribed shares represent 2.1% of the company's existing issued share capital as of the date of this announcement; the subscription price is at a discount of approximately 16% compared to the closing price of HKD 0.385 per share reported on the Stock Exchange on April 16, 2025 (the date of the subscription agreement).
Express News | China Rare Earth Holdings - to Allot and Issue Total 48.8 Mln Shares at Subscription Price HK$0.32 per Subscription Share
CHINA RAREEARTH (000831.SZ) company is currently not involved in direct import Business.
On April 16, according to Gelonghui, CHINA RAREEARTH (000831.SZ) stated on the interactive platform that the company is not currently involved in direct import Business.
MP Materials, The Metals Company Shares Are Moving Higher Monday: Here's Why
