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SHA:600259

4 stories mentioning SHA:600259Updated 6d ago

Every FINWIRES story that references SHA:600259, newest first.

Asia

Rising Nonferrous Metals Share to Exit from JV with TDK

Rising Nonferrous Metals Share (SHA:600259) will divest its 37% stake in a joint venture with TDK (TYO:6762) through a public listing on the Guangdong United Property Exchange Center for a minimum of 141.8 million yuan.The final price for the stake sale of the Guangdong Dongdianhua Guang Sheng Rare Earth High-Tech Materials JV is subject to bidding results, according to a Friday filing with the Shanghai bourse.Following the stake sale, TDK will still hold 63% of the JV. The stake sale will help the company optimize its asset structure, Rising Nonferrous said.Shares in TDK rose 1% during afternoon trading on Monday.

SHA:600259TYO:6762
Asia

China Rare Earth Nonferrous Metals to Dispose of Subsidiary for 142 Million Yuan

China Rare Earth Nonferrous Metals (SHA:600259) plans to dispose of its 37% equity in its subsidiary, Guangdong East Electrochemical Guangsheng Rare Earth High-Tech Material, according to a Shanghai bourse filing on Friday.The stake will be publicly listed for transfer with an initial listing price of 141.8 million yuan.Guangdong East Electrochemical Guangsheng Rare Earth manufactures and sells NdFeB magnetic materials.After the transaction, the rare earth products company will no longer hold any equity in the subsidiary.The company's shares jumped 7% at the close.

SHA:600259
Asia

China Rare Earth Nonferrous Metals Shareholder to Pare Stake

A shareholder of China Rare Earth Nonferrous Metals (SHA:600259) plans to reduce its stake in the company, according to a Shanghai bourse filing on Thursday.Guangdong Rare Earth Industry Group will offload up to 3,364,359 shares, or around 1% of the company's total shares, within three months.Guangdong Rare Earth Industry currently owns 67,287,182 shares or 20% of the company's total shares.

SHA:600259
Asia

China Rare Earth Nonferrous Metals (SHA:600259) Expects Up to 281% Profit Surge in Q1

China Rare Earth Nonferrous Metals (SHA:600259) forecasted first-quarter attributable net profit of between 150 million yuan and 180 million yuan, compared with 47.3 million yuan the previous year.The up to 281% jump is due to higher rare earth prices and subsidiaries' loss reduction, according to a filing with the Shanghai bourse.Shares of the rare earth products company were down 1% in recent trade.

SHA:600259

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