Assets of REMT's Unit Scheduled for Realization Auction by Chinese Court
Rare Earth Magnesium Technology Group Holdings or REMT (HKG:0601) received a notification from Baishan Court that certain assets of a unit have been scheduled for a realization auction, a Monday filin
Magnesium Technology (00601.HK): Baishan Tianan Assets will be sold publicly
Magnesium Technology (00601.HK) announced that the second auction of Baishan Tianan Assets has already been auctioned off. The Group received a notice from the Baishan court that Baishan Tianan assets will be publicly sold from 10:00 on May 22, 2024 to 10:00 on July 21, 2024 (excluding delays). The starting price of the sale is approximately RMB 106 million.
稀鎂科技:2023週年報告
REMT Swings to Fiscal 2023 Loss
Rare Earth Magnesium Technology or REMT (HKG:0601) incurred an attributable loss of HK$423.6 million for the year ended Dec. 31, 2023, as compared to an attributable profit of HK$1.4 million during th
Chinese Court to Hold Second Auction of Assets of REMT's Unit After First Auction Fails
A Chinese court will hold a second auction of assets of Rare Earth Magnesium Technology Group Holdings or REMT's (HKG:0601) unit Baishan Tianan Magnesium Metal Mining, a Tuesday filing on the Hong Kon
REMT: 2023 ANNUAL RESULTS ANNOUNCEMENT
Rare Earth Magnesium Technology Forecasts Swing to Loss in 2023; Shares Down 7%
Rare Earth Magnesium Technology Group Holdings (HKG:0601) expects a net loss of about HK$410 million to HK$430 million for the year ended Dec. 31, 2023, compared with a net profit of about HK$1.4 mill
Magnesium Technology (00601.HK) plans to hold a board meeting on March 28 to consider and approve the annual results
Gelonghui, March 18, 丨 Magnesium Technology (00601.HK) announced that the board of directors will meet on March 28, 2024 (Thursday) to review (including) the results of the company and its subsidiaries for the year ended 31 December 2023 and consider payment of a final dividend (if any).
REMT: PROFIT WARNING
The battery material metal has fallen by more than 60% Goldman Sachs expects that the current price has not bottomed out
Financial Services Association, March 5 (Editor: Zhao Hao) Goldman Sachs Group, the top international investment bank, believes that it is still too early to assert that “the sharp decline in the price of battery metal raw materials is over,” and warns that huge supply and headwinds in the Western electric vehicle industry will keep their prices low for a longer period of time.
Assets of REMT's Unit to Be Auctioned to Pay 64 Million Yuan Debt
A Chinese court will auction assets of Baishan Tianan Magnesium Metal Mining, a subsidiary of magnesium products maker Rare Earth Magnesium Technology Group Holdings, (HKG:0601) or REMT, to pay debts
The supply of tungsten ore is becoming tight, production capacity is concentrated, and the “replacement” process of hard alloy tools is expected to accelerate|Year-end inventory
Financial News Agency, December 23 (Reporter Liang Xiangcai) The price of tungsten has finally taken a small step. The increasingly tight mine end has broken through the 122,000 yuan/ton mark that had not been conquered for a long time.
Rare Earth Magnesium's Auditor Steps Down; Successor Appointed
HLB Hodgson Impey Cheng has resigned as Rare Earth Magnesium Technology's (HKG:0601) auditor effective today, Friday, a same-day filing said. The move came about as the parties were unable to reach an
Rare Magnesium Technology (00601.HK) appoints Pak Shing as the company's new auditor
Glonghui November 17丨Wealth Magnesium Technology (00601.HK) announced that Guowei has resigned as the company's auditor, effective from November 17, 2023. The reason is that the company and Guowei failed to reach a consensus on the proposed review fees for the fiscal year ending December 31, 2023. It was announced on the same day that, after considering the recommendations of the Audit Committee, it has resolved to appoint Shanghui Pak Shing Certified Public Accountants Limited (“Pak Shing”) as the company's new auditor to fill the temporary vacancies after Guowei's resignation, effective November 17, 2023. Pak Shing will serve until the end of the next Annual General Meeting of Shareholders of the Company.
Changes in Hong Kong stocks | Jinli Permanent Magnet (06680) rose more than 5%, leading the rare earth concept, and the National Standing Committee studied the work related to promoting the high-quality development of the rare earth industry
The rare earth concept is rising today. As of press release, Jinli Permanent Magnet (06680) rose 4.07% to HK$10.24; China's rare earths (00769) rose 4.17% to HK$0.375; and Rare Magnesium Technology (00601) rose 1.18% to HK$0.086.
Rare Magnesium Technology (00601.HK) received an additional OTC share of Ming Xin Liquors Limited by 79.016,600 shares of common stock, worth approximately HK$6,323 million
According to reports on November 3, according to documents disclosed by the Hong Kong Stock Exchange on November 3, Ming Xin Liquors Limited increased its OTC holdings of $Thin Magnesium Technology (00601.HK) by $79.016,600 shares at an average price of HK$0.08 per share on October 30, worth about HK$6.321,300. After increasing its holdings, the latest number of shares held by Ming Xin Shares Limited was 610 million shares, and the good position ratio rose from 89.54% to 102.87%. This transaction involves other relationships
Rare Earth Magnesium Technology Plans to Raise Up to HK$15.1 Million Through Rights Issue
Rare Earth Magnesium Technology (HKG:0601) plans to raise net proceeds of between HK$14.4 million to HK$15.1 million through a rights issue to replenish capital. The magnesium products manufacturer wi
Rare Earth Magnesium Technology's H1 Loss Widens as Revenue Plunges by More Than Half
Rare Earth Magnesium Technology's (HKG:0601) loss widened to HK$113.2 million, or HK$0.28 per share, in the first half, from HK$96.2 million, or HK$0.0146 per share, in the year-ago period, a Friday f
REMT: Interim Report 2023
Dilute Magnesium Technology (00601.HK) plans to raise up to HK$16.58 million through a “2 for 1” stock offering
GLONGHUI, September 3, Sept. 3 | GLONGHUI Technology (00601.HK) announced that the company proposes to issue shares on the basis of 1 offering share for every 2 existing shares held at a subscription price of HK$0.08 per share on the record date to raise no less than HK$15.8 million from eligible shareholders (assuming no change in the number of shares issued on or before the record date), but not more than about HK$16.58 million (assuming that all unexercised share options and convertibles have been exercised or converted on or before the record date) from eligible shareholders. Eligible shareholders are entitled to apply for shares in excess of their respective quotas under share offerings.
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