Core Viewpoint - China Environment Resources (01130) has terminated a memorandum of understanding with Goldwin Century regarding potential cooperation on rare earth projects, opting instead for a direct acquisition of a subsidiary to enhance its metal recycling business [1][2] Group 1: Termination of MOU - The company and Goldwin Century mutually agreed to terminate the memorandum of understanding on December 12, 2025, which was aimed at exploring potential cooperation opportunities [1] - The termination allows the company to focus on a more strategic acquisition that aligns with its existing metal recycling business after exiting the Hong Kong market [1] Group 2: Acquisition Details - The company plans to acquire 90% equity in Sichuan Yuanlaishun for 9 million yuan, which primarily engages in the recycling of renewable and recyclable resources, including reusable copper, aluminum, rubber, and rare earth permanent magnet components [2] - The acquisition is viewed as a strategic opportunity to enter the rare earth materials recycling sector, which has significant global prospects and development potential [2] - This move will enable the company to meet the growing demand for advanced materials and innovative solutions in its diversified business segments, including metal recycling and green market applications [2]
中国环境资源拟900万元收购四川源莱顺再生资源有限公司90%股权