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Shares of Chinese rare earth miner Shenghe Resources Holding climbed as much as 4.4% to 22.49 yuan, hitting their highest level since September 4. State-owned China Rare Earth Group is in discussions to acquire Shenghe Resources, according to two sources familiar with the matter. Shenghe Resources stated late Sunday th
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
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