Here are a couple of extracts that I found very interesting;
Regrettably, however, Ganfeng Lithium had planned to acquire more than 13.8% of the remaining shares of Australia's Reed Industrial Minerals Pty Ltd (hereinafter referred to as "RIM"), but the plan was not implemented on schedule. Company position, the company has not given up, will continue to strive for acquisition.
Recently, Ganfeng Lithium industry has planned to its wholly owned subsidiary Gan Feng International Co., Ltd. (referred to as "Ganfeng International") invested 96 million US dollars to buy RIM not more than 13.8% stake, if the acquisition is completed, Ganfeng lithium industry will Shares of RIM increased from 43.1% to 56.9%. But the plan was temporarily stranded.
For this reason, the relevant person in charge of the company explained that RIM shareholders due to the suspension of the sale of shares, but the company has not abandoned the acquisition, is still continuing negotiations.
NMT Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
