Brief: Qinghai Salt Lake Industry Intents To Buy Around $300 Million Worth Of Shares In Highfield Resources Limited
May 12 (Reuters) - Qinghai Salt Lake Industry Co Ltd 000792.SZ: SAYS IT PLANS TO BUY AROUND $300 MILLION WORTH OF SHARES IN HIGHFIELD RESOURCES LIMITED SAYS IT SIGNED LETTER OF INTENT WITH HIGHFIELD RESOURCES LIMITED, YANKUANG ENERGY GROUP, AND EMR CAPITAL SAYS IT WILL GAIN ACTUAL CONTROL OF YANCOAL CANADA, HIGHFIELD RESOURCES AND ITS SOUTHEY, MUGA PROJECTS THROUGH GOVERNANCE ARRANGEMENTS Source text Further company coverage: 000792.SZ (Reporting by Beijing Newsroom) ((Xiuhao.Chen@thomsonreuters.com;))
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