Zhitong Finance App News, Xiamen Tungsten Industry (600549.SH) announced that the company plans to invest 256 million yuan in cash to acquire 13.0332% of Jiangxi Jutong's shares held by the related party Fujian Juhong Rare Metals Investment Partnership (Limited Partnership) (“Juhong Fund”), and plans to invest 192 million yuan in cash to acquire 9.7749% of Jiangxi Jutong's shares held by the related party Xiamen Sanhong Tungsten & Molybdenum Co., Ltd. (“Xiamen Sanhong”), with a cash investment of 145 million yuan to acquire related party Fujian Rare Earth (Group) Abbreviated as “rare earth The “Group”) holds 7.3601% of Jiangxi Jutong's shares, and plans to invest 593 million yuan in cash to acquire 30.1683% of Jiangxi Jutong's shares.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.