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    China Rare Earth Nonferrous Metals to inject funds into Shengyuan Permanent Magnet

    2026-10-08 11:14:24   [Print]
    China Rare Earth Nonferrous Metals announced on September 28 that it will inject RMB306 million (USD45.Asian Metal Copyright, Ltd.Asian Metal Copyright65 million) of its own funds into its wholly-owned subsidiary, Guangdong Shengyuan Permanent Magnet Material Co.Asian Metal CopyrightChina Rare Earth Nonferrous Metals announced on September 28 that it will inject RMB306 million USD45.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright Following the capital increase, the company will continue to hold 100% of Shengyuan Permanent Magnet's equity, which remains a wholly-owned subsidiary.

    Shengyuan Permanent Magnetserves as the company's core platform for its high-performance magnetic materials business. The capital injection is expected to optimize Shengyuan Permanent Magnet's capital structure, effectively mitigate risks from its high debt levels, and strengthen the foundation for the business's development.

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