On December 22, China Minmetals Rare Earth Co.Ltd(000831) announced that the company received a notice from China Minmetals Group Co., Ltd. and agreed to carry out the strategic reorganization of relevant rare earth assets by Aluminum Corporation Of China Limited(601600) Group Co., Ltd., China Minmetals and Ganzhou Municipal People’s government after study and approval by the state owned assets supervision and Administration Commission of the State Council.
A new company controlled by the state owned assets supervision and Administration Commission of the State Council, the equity of China rare earth Co., Ltd. held by Chinalco group, the equity of China Minmetals Rare Earth Co.Ltd(000831) and China Minmetals Rare Earth Co.Ltd(000831) Group Co., Ltd. held by the affiliated enterprises of China Minmetals, as well as China Southern rare earth group Co., Ltd., Jiangxi Ganzhou rare metal Exchange Co., Ltd The equity of Ganzhou Zhonglan rare earth new material technology Co., Ltd. is 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. The reporter of Securities Daily learned that the listing ceremony of the new company may be held in Ganzhou, Jiangxi Province recently.
(Securities Daily)
