Galaxy looks to sidestep protracted sale of Chinese lithium plant to Tianqi

By Laura Syrett
Published: Tuesday, 21 October 2014

The Australian miner today said it hopes that proposed changes to China’s M&A regime will help it to close the sale of its Jiangsu facility more rapidly, which is important for the miner’s financial position as it pushes ahead with a lithium project in Argentina.

ASX-listed Galaxy Resources Ltd has said that the final steps needed to close the sale of its Jiangsu lithium plant in China to Sichuan Tianqi Lithium Industries are likely to be drawn out and complicated, unless proposed changes to China’s mergers and acquisitions (M&A) rules come into force....

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