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00601.HK

Rare Earth Magnesium Technology Group Holdings Limited

HKSE · Basic Materials · Industrial Materials · HK

HKD 0.06
+0.00%
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  • Aug 21, 2026, 17:35 UTC

    Rare Earth Magnesium Technology (00601) announced a placement of up to 96 million shares at HK$0.05 per share, a discount of about 19.35% to the closing price on August 21, raising gross proceeds of HK$4.8 million.

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  • Aug 20, 2026, 02:14 UTC

    Rare Earth Magnesium Technology Group Holdings Limited issued a profit warning, expecting a net loss of approximately HK$45 million to HK$65 million for the six months ending June 30, 2026, with revenue expected to decline about 67.5% year-on-year to approximately HK$30.5 million due to reduced magnesium product sales and weak market conditions.

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