Shenghe Resources denies controlling shareholder plans to transfer stake after rumors
Shenghe Resources (600392.SH) issued a clarification on September 20, denying foreign media reports that a rare earth enterprise group planned to acquire its controlling stake. The company stated its controlling shareholder, the Institute of Multipurpose Utilization of Mineral Resources under the Chinese Academy of Geological Sciences, explicitly confirmed it has no intention to transfer control. Shenghe reaffirmed its unchanged strategic positioning as a "responsible international supplier of key raw materials."
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Shenghe Resources Denies Media Rumor of Controlling Stake Acquisition by Rare Earth Firm
On September 20, Shenghe Resources issued a clarification statement in response to media reports, initially from foreign outlets and subsequently republished by some domestic media, alleging that a rare earth enterprise group planned to acquire a controlling stake in the company, thereby indirectly gaining access to Shenghe's overseas assets. The company stated that it had formally inquired with its controlling shareholder, the Institute of Multipurpose Utilization of Mineral Resources, Chinese Academy of Geological Sciences, which explicitly confirmed that there is no intention to transfer its controlling stake in Shenghe Resources. Shenghe Resources reaffirmed that its current development strategy remains unchanged. The company urged investors to rely solely on information published in its designated disclosure media—China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily, and the Shanghai Stock Exchange website—and to invest rationally.
Read sourceShenghe Resources Clarifies Controlling Shareholder Has No Plan to Transfer Control
Shenghe Resources (600392.SH) issued a clarification statement on September 20, responding to foreign media reports that a rare earth enterprise group planned to acquire the company's controlling stake and thereby indirectly hold its overseas assets. The company stated that these reports are false and have been republished by some domestic media. After a written inquiry, the controlling shareholder, the Institute of Multipurpose Utilization of Mineral Resources under the Chinese Academy of Geological Sciences, formally replied that it has no intention to transfer its controlling stake in Shenghe Resources. The company reaffirmed its long-standing positioning as a 'responsible international supplier of key raw materials' and stated that this development strategy remains unchanged. The clarification aims to prevent investor confusion caused by the inaccurate rumors.
Shenghe Resources Denies Controlling Stake Transfer After Market Rumor
Shenghe Resources, a Chinese rare earth company listed on the Shanghai Stock Exchange (ticker: 600392), issued an urgent clarification on Friday, denying rumors that its controlling shareholder, the Institute of Multipurpose Utilization of Mineral Resources under the Chinese Academy of Geological Sciences, plans to transfer its controlling stake. The company stated that after a written inquiry, the shareholder explicitly confirmed no such transfer is under consideration. Shenghe Resources reiterated its unchanged strategic positioning as a 'responsible international supplier of key raw materials,' with a core focus on rare earths, supplemented by zirconium-titanium and overseas resources across three business lines: rare earth, zirconium-titanium monazite, and circular economy. The clarification came amid strong financial performance: in the first half of 2026, the company reported revenue of 8.759 billion yuan, up 41.76% year-on-year, and net profit of 887 million yuan, up 135.24%, driven by favorable rare earth industry policies and strong downstream demand that lifted product prices. Shares closed at 21.54 yuan on Friday, up 1.03%. The report was sourced from company announcements and China Newswire, originally published by Huaxia Times.
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Shenghe Resources' Controlling Shareholder Denies Plans to Transfer Control
Shenghe Resources Rare Earth Comprehensive Utilization Institute, the controlling shareholder of Shenghe Resources, has explicitly stated in a response letter that it has no plan to transfer control of the company externally. This statement was reported by Securities Times Network and published on East Money's A-share company platform. The announcement appears to be a clarification or denial of market speculation regarding a potential change in the company's ownership structure. The news is attributed to the Comprehensive Utilization Institute's official response, and no further details or conditions were provided in the brief report.
Read sourceShenghe Resources Denies Rumor of Controlling Stake Sale, Reaffirms Strategy
Shenghe Resources, a Chinese rare earth company, issued an emergency clarification on March 20, denying market rumors that its controlling stake was about to be transferred. The company stated that it had formally inquired with its controlling shareholder, the Institute of Multipurpose Utilization of Mineral Resources under the Chinese Academy of Geological Sciences, which explicitly replied that there is no plan to transfer the controlling stake. Shenghe Resources reaffirmed its strategic positioning as a 'responsible international supplier of key raw materials,' stating that its development direction remains unchanged. The company focuses on rare earths as its core business, supplemented by zirconium-titanium and overseas resources, and operates three main business lines: rare earth industry chain, zirconium-titanium monazite chain, and circular economy chain. On the stock market, Shenghe Resources shares closed at 21.54 yuan on Friday, March 18, up 1.03%. The article was sourced from China-Singapore Jingwei.
Read sourceShenghe Resources Says Controlling Shareholder Has No Plan to Transfer Control
Shenghe Resources (600392) issued a clarification announcement on September 20, addressing false reports in overseas media that claimed a rare earth enterprise group planned to acquire control of the company and thereby indirectly hold rights to its overseas assets. These reports were subsequently reprinted by some domestic media outlets. To prevent misleading investors, the company clarified the rumors after a written inquiry with its controlling shareholder, the Institute for Comprehensive Utilization of Mineral Resources of the Chinese Academy of Geological Sciences (the 'Institute'). The Institute explicitly confirmed in its response that there is no plan to transfer control of the company to any external party.
Read sourceShenghe Resources Clarifies No Plan to Transfer Control of the Company Externally
On September 20, Shenghe Resources' Comprehensive Utilization Institute responded in writing to recent overseas media reports regarding a certain rare earth matter, clearly stating that there is no plan to transfer control of the company externally. The company emphasized that after years of practice, it has developed its own distinctive characteristics and positioned itself as a 'responsible international supplier of critical raw materials.' Its current development positioning remains unchanged, and it will continue to leverage its strengths to contribute to stabilizing the order of the rare earth industry and promoting its sustained and healthy development. Market data shows that as of September 18, Shenghe Resources closed at CNY 21.54 per share, with a total market capitalization of CNY 37.76 billion. The report was sourced from Beijing Business Today and published on East Money's A-share companies channel.
Read sourceShenghe Resources Says Controlling Shareholder Not Planning to Sell Stake
Shenghe Resources (600392) issued a clarification on September 20, responding to foreign media reports that a rare earth enterprise group planned to acquire the company's controlling stake and thereby indirectly hold its overseas assets. The company stated that it had written to its controlling shareholder, the Institute of Multipurpose Utilization of Mineral Resources, Chinese Academy of Geological Sciences (referred to as the Institute), which replied explicitly that it has no intention to transfer the company's controlling stake to any external party. The announcement aims to dispel what the company calls 'unsubstantiated rumors' that had been circulated by foreign media and subsequently republished by some domestic outlets.
Read sourceShenghe Resources Clarifies No Plan to Transfer Control, Market Cap at 37.7 Billion Yuan
On September 20, Shenghe Resources' Comprehensive Utilization Institute for Rare Earths issued a reply letter explicitly stating there was no plan to transfer control of the company externally. The controlling shareholder is the Institute of Multipurpose Utilization of Mineral Resources under the Chinese Academy of Geological Sciences, holding 14.06% equity, with the Ministry of Finance as the actual controller. The company operates in rare earths and zirconium-titanium, with rare earth products contributing 94.1% of its 2025 revenue of RMB 14.991 billion. In the first half of 2026, operating revenue rose 41.76% year-on-year to RMB 8.759 billion, and net profit surged 135.24% to RMB 887 million, driven by improved market demand and higher product prices. The company's 2026–2028 plan aims to become a global leader in rare earths and a significant player in zirconium-titanium by 2028. As of September 18, its stock closed at RMB 21.54 per share, with a total market capitalization of RMB 37.756 billion.
Read sourceShenghe Resources Clarifies: Controlling Shareholder Not Planning to Transfer Control
Shenghe Resources, a Chinese rare earth company, issued a clarification stating that its controlling shareholder does not intend to transfer its controlling stake in the company. The clarification was made in response to market speculation, as per a reply from the company's comprehensive rare earth utilization unit. The company emphasized that after years of practice, it has developed its own distinctive characteristics and positions itself as a 'responsible international supplier of key raw materials.' It confirmed that its current development positioning has not changed. The statement was sourced from Cailian Press and reported by East Money, a Chinese financial news outlet.
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