Rare Earth Magnesium Technology Group Holdings Ltd. (HK:0601) has released an update.
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Rare Earth Magnesium Technology Group Holdings Ltd. has announced the termination of its Rights Issue and the associated Underwriting Agreement after a dramatic 50.5% drop in its share price. The company stated that this decision will not immediately affect its business operations or financial position, and it plans to explore alternative financing options. Investors are advised to remain cautious when dealing with the company’s securities.
For further insights into HK:0601 stock, check out TipRanks’ Stock Analysis page.
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