China Minmetals Rare Earth Co.Ltd(000831) (000831) it was announced on December 22 that, after study by the state owned assets supervision and Administration Commission of the State Council and reported to the State Council for approval, it was agreed that Aluminum Corporation Of China Limited(601600) Group Co., Ltd., China Minmetals and Ganzhou Municipal People’s government would carry out the strategic reorganization of relevant rare earth assets, establish a new company controlled by the state owned assets supervision and Administration Commission of the State Council and the equity of China rare earth Co., Ltd. held by Chinalco, The equity of China Minmetals Rare Earth Co.Ltd(000831) , China Minmetals Rare Earth Co.Ltd(000831) Group Co., Ltd. held by the affiliated enterprises of China Minmetals Corporation and the equity of China Southern rare earth group Co., Ltd., Jiangxi Ganzhou rare metal Exchange Co., Ltd. and Ganzhou Zhonglan rare earth new material technology Co., Ltd. held by Ganzhou rare earth group Co., Ltd. and its affiliated enterprises are transferred to the new company as a whole. After this reorganization, the controlling shareholder of the company is still China Minmetals Rare Earth Co.Ltd(000831) Group Co., Ltd., and the actual controller will be changed from China Minmetals to a new company.
(Securities Times)
