China Rare Earth Group Co., Ltd. agreed to acquire 41.56% stake in China Southern Rare Earth (Xinfeng) Co., Ltd. from China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. (SZSE:000758) for CNY 170 million on November 21, 2023. As on March 4, 2024 China Rare Earth Group Co entered into equity transaction contract with China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. to acquire 41.56% stake in China Southern Rare Earth (Xinfeng) Co., Ltd

China Rare Earth Group Co., Ltd. completed the acquisition of 41.56% stake in China Southern Rare Earth (Xinfeng) Co., Ltd. from China Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd. (SZSE:000758) on March 5, 2024.