China Rare Earth Group becomes actual controller of Rising Nonferrous Metal
2024-01-03 11:50:59 [Print]
Guangdong Rising Holding Group Co., Ltd., the indirect controlling shareholder of Rising Nonferrous Metal Share Co., Ltd., announced a gratuitous transfer of the 100% equity interest it holds in Guangdong Rare Earth Industry Group Co., Ltd. to China Rare Earth Group Co., Ltd. Upon completion of the transfer, China Rare Earth Group indirectly holds a 38.45% stake in Rising Nonferrous Metal and becomes the actual controller of the company, and Guangdong Rare Earth Industry Group remains as the controlling shareholder of the company.
