Reenova Investment Holding Limited 瑞星投资集团 (“Reenova Investment” or the “Company” and together with its subsidiaries, the “Group”), through the reconstruction of its investment portfolio focuses on the supply chain of high-tech industries that will generate value for the Group in the long term.
In line with its objective to strengthen its earnings base, the Group is primarily involved in two strategic investments: (i) a 75% stake in a rare earth concession area located in Madagascar, Africa, and (ii) a up to 25% stake in Straits Hi-Rel Pte. Ltd., a start-up focusing on speciality testing and back-end manufacturing for high reliability integrated chips and electronic modules for end-user application in the automotive, energy (oil and gas) and industrial sectors.
Through its wholly-owned subsidiary, Reenova Global Pte Ltd, the Group holds an exploration licence for the 238km2 concession area that hosts rare earth oxides in north-western Madagascar, Africa. This licence enables the Group to embark on trial leaching, pilot production, conducting feasibility and engineering studies, as well as environmental impact assessments concurrently. The Group is targeting to apply for a full mining licence (Permis de Exploitation) before November 2021. The Group is committed to making good progress in the operation, management and production of rare earth oxides, to bring forth stable and sustainable earnings growth.
Reenova Investment is listed on the Mainboard of the Singapore Exchange Securities Trading Limited (“SGX-ST”) under the stock code 5EC.