Rising Nonferrous merges two rare earth subsidiaries
2025-10-21 11:37:09 [Print]
Rising Nonferrous Metals Share Co., Ltd. announced that its two wholly-owned subsidiaries, Deqing Xingbang Rare Earth New Materials Co., Ltd. and Qingyuan Jiahe Rare Metals Co., Ltd., will undergo a merger, with Deqing Xingbang absorbing Qingyuan Jiahe. Upon completion, Qingyuan Jiahe will be deregistered, while Deqing Xingbang will remain in operation.
The move is intended to streamline regional management, cut costs, boost efficiency, strengthen competitiveness, advance SOE reform and promote regional consolidation, in line with the company's strategic development goals.
Deqing Xingbang mainly engages in the production and sales of high-purity single and mixed rare earth oxides, rare earth oxalates (carbonates), and rare earth metals, as well as the trading of rare earth ores, phosphor materials, and chemical products.
The move is intended to streamline regional management, cut costs, boost efficiency, strengthen competitiveness, advance SOE reform and promote regional consolidation, in line with the company's strategic development goals.
Deqing Xingbang mainly engages in the production and sales of high-purity single and mixed rare earth oxides, rare earth oxalates (carbonates), and rare earth metals, as well as the trading of rare earth ores, phosphor materials, and chemical products.
