Brief: Lb Group Plans To Take About 80% Stake In Image Resources' Mineral Sands Projects
BRIEF-Lb Group Plans To Take About 80% Stake In Image Resources' Mineral Sands Projects Sept 23 (Reuters) - LB Group Co Ltd 002601.SZ:
SAYS CO PLANS TO ACQUIRE ABOUT 80% STAKE IN DURACK, YANDANOOKA MINERAL SANDS PROJECTS VIA INTENT DEAL WITH IMAGE RESOURCES NL
SAYS TO CONTRIBUTE ABOUT A$160 MILLION ($113.36 million) IN CASH AND ASSETS, DEAL PENDING DUE DILIGENCE AND APPROVALS
Further company coverage: 002601.SZ
($1 = 1.4114 Australian dollars)
(Reporting by Beijing Newsroom)
((Shi.Bu@thomsonreuters.com;))
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