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Zhiyuan Holdings (00990.HK) to Acquire Argentina Lithium Carbonate Production Project for Nearly USD70 million
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Zhiyuan Holdings (00990.HK) announced that it has acquired 100% equity interest in Tortuga de Oro S.A., a lithium carbonate production project located in Argentina, from independent third party Xizang Zhufeng Resources. The target company is principally engaged in the exploration, mining and development of non-ferrous metal resources, with a focus on the exploration and preparatory development of the Alizaro salt lake project. The total cash consideration amounts to USD70 million (approximately HKD546 million), which will be funded by internal resources. (de/d) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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