Verde Agritech (TSE:NPK) has released an update.
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Verde AgriTech has announced key developments, including the approval of resolutions at its Extraordinary General Meeting and setting a record date for distributing shares in Oby Rare Earths, marking a strategic focus shift. The company is spinning off Oby to concentrate on rare earth elements, while Verde will focus on its core fertilizer operations. Additionally, Verde is implementing cost-reduction initiatives projected to save up to R$9.3 million in the coming year.
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