The restructuring of industry giants can often stimulate the sensitive nerves of investors. $China Rare Earth Resources And Technology (000831.SZ)$ As of the morning, it directly impacted the daily limit. However, by the time of publication, Minmetals rare earth had already opened limit up, with an increase of nearly 9%.
Minmetals rare earth collaborates $Aluminum Corporation Of China (601600.SH)$
The reason for the suspension of the trading limit by Minmetals Rare Earth today was due to an important announcement yesterday.
On the evening of September 23, Minmetals Rare Earth announced that the company received a notification from the controlling shareholder, China Minmetals Group, that Aluminum Corporation of China, China Minmetals Group, and the People's Government of Ganzhou City are planning a strategic restructuring of related rare earth assets.
For this restructuring plan, Minmetals Rare Earth stated that the relevant plan has not been finalized yet and also requires approval from the relevant regulatory authorities. In the future, the company will strictly follow the phased disclosure requirements, continue to monitor the progress, and promptly fulfill the disclosure obligations according to the relevant laws and regulations. This strategic restructuring is still in the planning stage, and the relevant matters have uncertainties, so investors are advised to pay attention to investment risks.
It is worth noting that under the People's Government of Ganzhou City, there is also China Southern Rare Earth Group Co., Ltd., this restructuring may give birth to a super "super giant" in the rare earth field.
The prices of rare earth products continue to rise.
However, interestingly, the other party involved in this restructuring, Aluminum Corporation of China, had a larger drop in gains, and by the time of publication, the stock price had turned green.
As for the reasons, it should still be the market...