China Rare Earth Holdings Limited has announced an update regarding its acquisition of tungsten bars, involving the issuance of consideration shares under a general mandate. The acquisition, valued at HK$150,000,000, follows arm's length negotiations and aims to leverage emerging opportunities in the tungsten market. The company is exploring growth in its rare earth and refractory products business, driven by expanding sectors such as semiconductors, aerospace, automotive, and renewable energy. This move is part of the company's strategy to expand its business footprint, particularly in Southeast Asia. The announcement was made by China Rare Earth Holdings Limited on June 11, 2025.
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