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2025-07-29 10:07:04
[China Tungsten High-tech's share price soared 3.6%, and its subsidiary spent 123 million to acquire the assets of Minmetals Tungsten Industry] 1. China Minmetals' tungsten carbide manufacturer - China Tungsten High-tech rose 3.6% in early trading on Tuesday. Its wholly-owned subsidiary plans to purchase the assets of Minmetals Tungsten Industry for 123 million yuan. The CSI A-share Resource Industry Index rose 0.2% during the session. 2. China Tungsten High-tech announced that its wholly-owned subsidiary Rare New Materials plans to purchase machinery and equipment, buildings and land use rights held by Minmetals Tungsten Industry for 123 million yuan. This transaction constitutes an affiliated transaction and does not constitute a major asset reorganization. The asset valuation table of the transaction target shows that the fixed assets are valued at 20.8079 million yuan, the investment real estate is valued at 62.0993 million yuan, and the intangible assets are valued at 39.7569 million yuan, totaling 123 million yuan. 3. The purpose of the transaction is to improve the asset structure of Rare New Materials and promote the company's sustainable development. 4. Since the beginning of the year, China Tungsten High-tech has nearly doubled.
