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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.
(Repeats earlier story with no changes to the text) Talks have been underway since earlier this year, sources say Deal would deepen state consolidation in rare earth sector Deal, if successful, could improve Shenghe access to quotas, a source says Sept 18 (Reuters) — State-owned China Rare Earth Group is in talks to ac
State-owned China Rare Earth Group is in talks to acquire Shenghe Resources (SSE:600392), sources said, which would consolidate Beijing’s control over the rare earth sector and give the firm a stake in an MP Materials rare-earth play.
Talks have been underway since earlier this year, sources say Deal would deepen state consolidation in rare earth sector Deal, if successful, could improve Shenghe access to quotas, a source says Sept 18 (Reuters) — State-owned China Rare Earth Group is in talks to acquire Shenghe Resources, said two sources with knowl