Galaxy looks to sidestep protracted sale of Chinese lithium plant to Tianqi
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
Chinas mergers and acquisitions (M&A) rules come into