Zhitong Finance App News, China Rare Color (600259.SH) issued an announcement. In order to optimize the asset structure and resource allocation and focus on core business, the company plans to transfer 37% of the shares of Guangdong Dongdian Chemical Guangsheng Rare Earth High-tech Materials Co., Ltd. (“Dongdian Chemical Company”) through public listing at the Guangdong Joint Property Exchange Center. The listing price is not less than 142 million yuan. The final transaction price and counterparty are subject to the public listing transaction results. After the share transfer is completed, the company will no longer hold shares in Dongdian Chemical Company.

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