Core Viewpoint - China Rare Earth Holdings (03788) experienced a significant decline of over 10%, currently trading at HKD 4.05 with a transaction volume of HKD 21.336 million [1] Group 1: Strategic Adjustments - The company announced a strategic adjustment to focus its human and financial resources on the development and production of the Mt Bundy gold mine project [1] - The company will maintain stable production operations for its iron ore and high-purity iron businesses [1] - The previously planned spin-off listing of the Rare Earth gold segment has been terminated [1] Group 2: Company Rebranding and Leadership - To reflect the increased gold resources and reserves, as well as the strategic goal of becoming a mid-sized gold producer, the company plans to change its name to "Rare Earth Gold International Limited" [1] - Dr. Qiu Yumin will assume the role of President and CEO to lead the company's transformation [1]
港股异动 | 中国罕王(03788)重挫逾10% 罕王黄金分拆上市计划终止 公司拟更名“罕王黄金”