Last time I checked, Hong Kong was increasingly Chinese. Here is where the shares sold at a discount in December 2021 to Fidelity found their way.
I initially thought that "Fidelity" referred to the American behemoth broker, Fidelity Investments. The Fidelity involved here is also a worldwide investment manager, spun off and independent from the American company since 1980. It's headquartered in Bermuda but has more employees in London than elsewhere, at least until Brexit moves them to greener pastures.
Annexure A
Investment Manager Address
FIL Investment
Management (Hong
Kong) Limited
Level 21, Two Pacific
Place, 88 Queensway,
Admiralty, Hong Kong
BROWN BROS HARRIMN
LTD LUX (C) & Others -- Custodians
Investment Discretion /
Voting Power
30,321,061 shares
FIL Investment Management (Hong Kong) Limited was established in Hong Kong in 1981 and currently offers more than 80 mutual funds to investors through over 100 distributors in Hong Kong, including retail banks and insurance companies.
As I noted earlier, I don't see a problem with the Chinese owning an Arizona resource. They know more about rare earths than most of the world, right? Just don't try to hide their involvement.
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