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Rising Nonferrous Metals to Merge Two Subsidiaries
Rising Nonferrous Metals Share (600259.SH): A wholly-owned subsidiary plans to absorb and merge with another.
On December 23, Gelonghui reported that Rising Nonferrous Metals Share (600259.SH) announced plans to optimize the company's management structure and resource allocation, improve operation efficiency, reduce management costs, and implement the company's "streamlining strategy." The wholly-owned subsidiary Guangdong Provincial Fuyuan Rare Earth Co., Ltd. (referred to as "Fuyuan Company") plans to absorb and merge with its wholly-owned subsidiary Dapu County Xinchengji Industrial and Trade Co., Ltd. (referred to as "Dapu Company"). Upon completion of this merger, Dapu Company's independent legal status will be canceled, and all its assets, claims, debts, employees, and all rights and obligations will be inherited by Fuyuan Company.
Rising Nonferrous Metals Share (600259.SH): plans to register for the issuance of medium-term notes and ultra-short-term financing bonds.
On December 13, Gelonghui reported that Rising Nonferrous Metals Share (600259.SH) announced its plan to apply for registration to issue medium-term notes of no more than 1 billion yuan (including 1 billion yuan) and ultra-short-term financing bonds of no more than 1 billion yuan (including 1 billion yuan) to the China Interbank Market Dealers Association in order to expand the company's financing channels, ensure the smooth flow of various financing channels, increase the diversity and flexibility of debt financing, control financial costs, and timely meet the funding needs of the company's production and operational development.
Strong Week for Rising Nonferrous Metals ShareLtd (SHSE:600259) Shareholders Doesn't Alleviate Pain of Three-year Loss
Rising nonferrous metals share (600259.SH): Currently no asset disposal plan.
GeLongHui on November 22nd: Rising Nonferrous Metals (600259.SH) stated on the interactive platform that the company currently has no asset divestment plan. The company will continue to develop a complete rare earth industry chain, solidify upstream resources, optimize midstream sectors, develop downstream applications, and also advance in rare and precious metals such as tungsten and copper.
Is Rising Nonferrous Metals ShareLtd (SHSE:600259) Using Too Much Debt?
Rising Nonferrous Metals ShareLtd (SHSE:600259) Is Doing The Right Things To Multiply Its Share Price
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