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China Environmental Resources Eyes Rare Earth Expansion With Goldwin Century MoU
China Env Res (01130.HK) has signed a memorandum of understanding for cooperation on a rare earth project with Goldwin Century.
China Env Res (01130.HK) announced today (21st) that it has signed a memorandum of understanding with Goldwin Century Limited regarding potential collaboration on Business development and other subsidiary business opportunities in China's rare earth projects. To assess the feasibility of the collaboration, the company will conduct due diligence on the intellectual property, patented products, production equipment, and related capacity of SiChuan Yuan Lai Shun Rare Earth New Materials, either on its own or through its agents, along with any other information requested by the company within 180 days after signing the memorandum of understanding.
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China Env Res announced the cancellation of the offer to grant stock options.
China Env Res (01130) announced that the company will offer a total of 29.6046 million stock options to 15 qualified individuals according to the stock option plan adopted on November 11, 2015, to subscribe for a total of 29.6046 million shares at an initial exercise price of HKD 0.3. As of the date of this announcement, no stock options have been accepted by any grantee. On February 17, 2025, the Board of Directors resolved to cancel the offer, after which the related stock options will no longer be available for acceptance, and no related stock options will be granted to the grantee.
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