China Rare Earth: Shareholder Guangsheng Holdings Plans to Reduce Stake by Up to 1%

English summary

China Rare Earth (000831.SZ) announced that Guangsheng Holdings Group, a shareholder holding over 5%, plans to reduce up to 10.6122 million shares (1% of total) via centralized bidding within three months after 15 trading days. Guangsheng currently holds 101 million shares (9.48%), for operational and capital needs, shares from administrative transfer.