Financial Wire

China Northern Rare Earth to Renew Financial Services Deal With Baogang Group Finance

-- China Northern Rare Earth (SHA:600111) plans to renew its financial services agreement with Baogang Group Finance for three more years, according to a Shanghai bourse filing on Saturday.

The Chinese rare earth products producer's shares jumped over 3% at the close of Monday's trade.

Under the new deal, the daily maximum deposit balance is capped at 6.5 billion yuan.

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