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BRIEF-China Rare Earth Holdings Says Unit Enters Into Non-Legally Binding Term Sheet With REE UNO SPA

Feb 1 (Reuters) - China Rare Earth Holdings Ltd:

* UNIT ENTERED INTO A NON-LEGALLY BINDING TERM SHEET WITH REE UNO SPA

* PURSUANT TO DEAL, PARTIES TO ENTER OFFTAKE AGREEMENT FOR SALE OF 500 TONS OF RARE EARTH MIXED OXIDES PER ANNUM BY RUS TO UNIT Source text for Eikon: Further company coverage: