Guangsheng Nonferrous announced on April 10 that Guangdong Guangsheng Holding Group Co., Ltd., the indirect controlling shareholder, signed the “Free Transfer Agreement on Guangdong Rare Earth Industry Group Co., Ltd.” on December 29, 2023. Guangsheng Holdings transferred 100% of its direct shares of Guangdong Rare Earth Industry Group Co., Ltd. to China Rare Earth Group Co., Ltd. free of charge, and China Rare Earth Group indirectly held 129372517 shares (accounting for 38.45% of the company's total share capital) and became the actual controller of the company. The equity transfer was previously approved by the State-owned Assets Supervision and Administration Commission of the Guangdong Provincial People's Government and the State-owned Assets Supervision and Administration Commission of the State Council. The company recently received a notice from China Rare Earth Group. The above equity transfer matters have been reviewed and approved by the State Administration of Market Supervision and Administration, and 100% of Guangdong Rare Earth Group's shares have completed the registration procedure for industrial and commercial changes. After the registration of the Guangdong Rare Earth Group's shareholding and commercial change was completed, the controlling shareholder of the company was still Guangdong Rare Earth Group, and the actual controller was changed to China Rare Earth Group. (Surge News)