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Ann: Placement Secures Ningbo Shanshan as Cornerstone Shareholder, page-38

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  1. 19,097 Posts.
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    Are you certain those dates are more recent curiouser ....
    It would be great if Itochu was to be involved but, judging by the investor questions for 2018 in the other links, while Itochu started the Shanshan partnership with ‘energy intentions’ back in 2009 or whenever, and in 2010 (or whatever) it looked like Shanshan and Toda Kyogu might be going up acquire up to 50% of Shanshan, somehow things seem to drift in other directions (ie building shopping centres and focus on apparel )whilst it was already quoting 24M’s Director in a 2012? report and seemed (to me) to move the energy interests in the direction of USA, buying into Toda Kyogu and then into 24M.

    Even your link brackets the Shanshan mention into a clothing division section ?
    (After each group is discussed there is an overview of how they want to move forward?)

    Itochu expressed a clear 2018 intention to divest Chinese interests not related to CITIC but maybe CITIC will get involved...as noted it before, it has a strong hold on all the tender bits of Tianqi (US$3.5 billion of bits )https://roskill.com/news/lithium-tianqi-finally-secures-its-sqm-stake-from-nutrien/
    (...so depending on how Itochu’s 20% J/V slice of CITIC is divvied up, it might already have Tianqui’s lithium if it wants it?)

    I am currently more curious about Shanshan’s strong (but secretly valued?) interest in China Moly ...the second biggest cobalt supplier in the world after Glencore.
    Shanshan obviously has vision, and hopefully incorporating Altura into this vision is going to be, as James Brown says, good for both companies.

    .....But I am not so sure about it’s previous and possibly future connections with the dodgy Mingrui mob ( owner of AJM off take partner, Shandong Ruifu ) ...it will be interesting to see where that goes..

    Cheers
    Last edited by sabine: 23/07/19
 
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