Shenghe Resources (600392.SH) plans to transfer part of its equity in the rare earth smelting and separation business to China Rare Earth Development.

Zhitong Finance APP news, Shenghe Resources (600392.SH) announced that in order to fully leverage the advantages of all parties and achieve win-win cooperation, the company plans to enter into equity cooperation with China Rare Earth Group Industrial Development Co., Ltd. (hereinafter referred to as "CRE Development") and transfer part of the equity in the company's rare earth smelting and separation business to CRE Development.