Revenues Not Telling The Story For Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) After Shares Rise 30%
Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) shares have had a really impressive month, gaining 30% after a shaky period beforehand. Still, the 30-day jump doesn't change the fa
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
Magnesium Technology (00601) Baishan Tianan Assets will be auctioned for the second time from April 16 to 17
According to Zhitong Finance App News, Magnesium Technology (00601) issued an announcement. Following the auction of Baishan Tianan assets from March 10, 2024 to March 11, 2024, the Group received a notice from the Baishan Court on April 2, 2024. Baishan Tianan Assets will hold a second auction from 10:00 on April 16, 2024 to 10:00 on April 17, 2024 (excluding delays), with a starting price of about RMB 106 million. As revealed in the results announcement as of December 31, 2023, Baishan Tianan's production capacity has been idle for many years, and the Group's business operations are still running normally.
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
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
More Unpleasant Surprises Could Be In Store For Rare Earth Magnesium Technology Group Holdings Limited's (HKG:601) Shares After Tumbling 29%
Unfortunately for some shareholders, the Rare Earth Magnesium Technology Group Holdings Limited (HKG:601) share price has dived 29% in the last thirty days, prolonging recent pain. The recent drop
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 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.
REMT: 2023 INTERIM RESULTS ANNOUNCEMENT
Dilute Magnesium Technology (00601.HK) plans to hold a board meeting on August 31 to approve the interim results
Glonghui, August 21丨Dilute Magnesium Technology (00601.HK) announced that the board meeting will be held on August 31, 2023 (Thursday) to consider and approve the company and its subsidiaries' unaudited consolidated interim results for the six months ended June 30, 2023 and their publication, and to consider the payment of interim dividends (if any).
Rare Earth Magnesium Technology to Widen Loss in H1
Rare Earth Magnesium Technology (HKG:0601) expects a net loss of between HK$110 million and HK$120 million for the six months ended June 30, up from HK$96 million in the first half of 2022. The magnes
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