China Rare Metals plans to sell its magnesia production subsidiary
Published: Monday, 09 July 2018
An uncertain outlook for magnesia products, financial losses and the burden of environmental regulations have put a price tag of $4.2 million on Haicheng Xinwei Lee Shing Magnesia Resources.
Lee Shing Holdings, a wholly owned subsidiary of China Rare
Metals & Rare Earth Co, plans to sell 100% of the equity in
Haicheng Xinwei Lee Shing Magnesia Resources for 28 million
yuan ($4.2 million), its parent company said.
The main focus of Lee Shing Magnesia Resources, which