China Minmetals Rare Earth approves equity management, credit line

China Minmetals Rare Earth (SZSE:000831) announced the resolutions from its 14th meeting of the ninth board of directors. Key decisions included the approval of a new "Market Value Management System," designed to strengthen equity management and protect the interests of investors. Additionally, the board approved a proposal to apply for a comprehensive credit line of up to 500 million yuan from the Industrial and Commercial Bank of China (ICBC) Ganzhou Branch, aimed at supporting the company's operational development and diversifying financing channels. Both resolutions passed unanimously with all seven attending directors voting in favor.