China Rare Earth (000831.SZ) plans to issue shares to buy 51% of Zhongxi Liangshan's shares and resume trading on November 16

According to the Zhitong Finance App, China Rare Earth (000831.SZ) disclosed plans to issue shares to purchase assets and raise supporting capital and related transactions. The company plans to purchase 51% of Zhongxi Liangshan's shares held by China Rare Earth Group by issuing shares. At the same time, listed companies plan to issue shares to no more than 35 specific investors to raise supporting capital. Zhongxi Liangshan is mainly engaged in rare earth ore mining, smelting and separation, and metal production and processing. The transaction will help the company integrate resources, consolidate the advantages of the rare earth ore mining, smelting, separation and processing business in the industrial chain, and enhance the ability of listed companies to withstand operating risks. After applying to the Shenzhen Stock Exchange, trading of the company's shares will resume with the opening of the market on November 16, 2026.