China Rare Earth Group in talks to buy Shenghe Resources
Reports say State-owned China Rare Earth Group is in talks to acquire SSE-listed Shenghe Resources (600392), with the planned deal described as consolidating Beijing’s control over the sector. Other reported bids, mergers, acquisitions and disposals were also cited, but no details were provided beyond this item.
State-owned China Rare Earth Group is in talks to acquire Shenghe Resources SSE:600392, according to two sources familiar with the matter, a deal that would consolidate Beijing's control over the sector and g... The bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday.