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Shenghe Resources Buys NEO International's Units for 212 Million Yuan
Neo Performance Materials to Sell China Rare Earth Separation Assets for US$30 Million
Shenghe Resources Holding (600392.SH): Subsidiary plans to acquire Jiangyin Jiahua and Zibo Jiahua's equity to enhance the company's rare earth smelting and separation capacity.
On August 20th, GLH announced that in order to further improve the company's rare earth smelting and separation capabilities, strengthen the company's core competitiveness, its wholly-owned subsidiary, Chenguang Rare Earth, and NEO International have recently signed an equity transfer agreement. Chenguang Rare Earth plans to acquire 86% equity of Jiangyin Jiahua held by NEO International (corresponding to a registered capital of USD 14,195,547) for RMB 182,718,243.29. Chenguang Rare Earth, NEO International, and Shijia Industry and Trade have recently signed an equity transfer agreement. Chenguang Rare Earth plans to acquire the equity of a rare earth separation company held by Shijia Industry and Trade for RMB 29.3 million.
Individual Investors Are Shenghe Resources Holding Co., Ltd's (SHSE:600392) Biggest Owners and Were Hit After Market Cap Dropped CN¥508m
Strandline Resources Completes AU$43 Million Sale of Tanzanian Mineral Sands Assets to Shenghe Resources Unit
Shenghe Resources Holding (600392.SH): Chairman Yan Shiqiang resigns as director.
On July 28th, Gelunhui reported that Shenghe Resources (600392.SH) announced that the Board of Directors recently received a resignation report from Mr. Yan Shiqiang, the company's chairman of the board. Due to job transfers, Mr. Yan Shiqiang applied to resign from his positions as director, chairman of the board, convener and member of the board of directors' strategic and sustainable development committee. After resigning from the above positions, Mr. Yan Shiqiang does not hold any position in the company. According to the relevant provisions of the Company Law and the Company's Articles of Association, Mr. Yan Shiqiang's resignation did not cause the number of members of the Board of Directors to fall below the statutory minimum, and his resignation report will take effect from the date of its delivery to the Board of Directors. As of the date of this announcement,
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