Northern Rare Earth to restructure four magnetic material subsidiary companies

On October 25, Northern Rare Earth announced that it planned to restructure four of its magnetic material subsidiary companies, including BGM, Ningbo Baogang Zhanhao New Material Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright, and Northern Rare Earth Anhui Permanent Magnetic Technology Co.Asian Metal Copyright, Beijing Sanjili New Materials Co.Asian Metal Copyright, Beijing Sanjili New Materials Co.Asian Metal Copyright, Ltd.Asian Metal CopyrightOn October 25, Northern Rare Earth announced that it planned to restructure four of its magnetic material subsidiary companies, including BGM, Ningbo Baogang Zhanhao New Material Co.Asian Metal Copyright, and Northern Rare Earth (Anhui) Permanent Magnetic Technology Co.Asian Metal Copyright25 billion.Asian Metal Copyright, Ltd.Asian Metal Copyright, and Northern Rare Earth Anhui Permanent Magnetic Technology Co.Asian Metal Copyright All shareholders of the last three companies will invest in BGM with all their shares with a total assessed value of around RMB1.Asian Metal Copyright, and Northern Rare Earth Anhui Permanent Magnetic Technology Co.Asian Metal Copyright21 billion (USD0.Asian Metal Copyright, Ltd.Asian Metal Copyright17 billion).Asian Metal Copyright .Asian Metal Copyright Upon completion of restructuring, BGM will have its registration capital growing from RMB667 million (USD91.Asian Metal Copyright, Beijing Sanjili New Materials Co.Asian Metal Copyright77 million) to nearly RMB1.Asian Metal Copyright .Asian Metal Copyright8 billion (USD0.Asian Metal Copyright All shareholders of the last three companies will invest in BGM with all their shares with a total assessed value of around RMB1.Asian Metal Copyright25 billion).

.Asian Metal CopyrightOn October 25, Northern Rare Earth announced that it planned to restructure four of its magnetic material subsidiary companies, including BGM, Ningbo Baogang Zhanhao New Material CoAsian Metal Copyright