China Rare Earth Holdings Limited $(CRE)$ has announced the acquisition of 1,600 kilograms of tungsten bars with a purity level of not less than 99.995% from Multiple View International Limited. This transaction is facilitated by Wealthy Energy Limited, a direct wholly-owned subsidiary of CRE. The acquisition is part of CRE's strategy to diversify its revenue streams and strengthen its supply chain by expanding into the tungsten market. The company views this move as an opportunity to enhance its overall performance and to potentially engage in strategic cooperation with the vendor in the future.
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