Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
MMG (01208.HK) Acquires Anglo American Nickel Biz in Brazil
Recommend 11 Positive 15 Negative 11 |
||||
|
||||
|
MMG (01208.HK) announced that MMG Singapore Resources Pte. Ltd., its wholly-owned subsidiary, has entered into an agreement to acquire the Anglo American nickel business in Brazil. Upon closing, this business will be wholly-owned by MMG, and its financial results, assets, and liabilities will be consolidated into the group's consolidated financial statements. MMG stated that the acquisition is consistent with the group’s growth strategy to expand its earnings, geographical footprint, and base metal commodity exposure, marking its first investment into Brazil and the addition of nickel to its mineral resources and ore reserves. Trading in MMG's shares will resume from 9:00 am tomorrow (19th). AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
