Zhongse shares are listed to transfer the shares of Zhujiang rare earths, a holding subsidiary.

Published: Sep 27, 2020 15:16

Source: Medium color shares

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China Color shares recently announced that in order to further highlight the company's main business and optimize asset allocation, the company plans to transfer its 72% stake in Pearl River rare earths through public listing on the Beijing property Exchange. The listing price is not lower than the estimated value of 156.8366 million yuan by the asset appraisal institution, and the final transaction price and counterparty will be determined according to the bidding result.

SMM News: China Color shares recently announced that in order to further highlight the company's main business and optimize asset allocation, the company plans to transfer its 72% stake in Zhujiang rare earths through public listing on the Beijing property Exchange. The listing price is not lower than the estimated value of 156.8366 million yuan by the asset appraisal institution, and the final transaction price and counterparty will be determined according to the bidding result.

Guangdong Zhujiang rare Earth Co., Ltd. is a controlling subsidiary of China Nonferrous Metals Construction Co., Ltd.

This transaction is listed on the market, and the other party is subject to the final determination of the property rights exchange after the completion of the listing, which is still uncertain.

China Color shares rare earths equity transfer

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