China Minmetals Rare Earth Co., Ltd. (SZSE:000831) entered into an agreement to acquire 94.67% stake in Minmetals Rare Earth Jianghua Co., Ltd. from Minmetals Rare Earth Group Ltd for CNY 1.5 billion on December 29, 2022. The board of directors of China Minmetals Rare Earth approved the transaction. The transaction is subject to approval from shareholders of China Minmetals Rare Earth and approval from China Securities Regulatory Commission. Minmetals Rare Earth Jianghua Co., Ltd. recorded total assets of CNY 1.13 billion and net assets if CNY 841.55 million as of September 30, 2022.

China Minmetals Rare Earth Co., Ltd. (SZSE:000831) completed the acquisition of 94.67% stake in Minmetals Rare Earth Jianghua Co., Ltd. from Minmetals Rare Earth Group Ltd on December 5, 2023.