China's Shenghe Resources to buy Australia's Peak Rare Earths for about $97 million
15/05/2025 01:07
May 15 (Reuters) - Peak Rare Earths PEK.AX said on Thursday that Chinese rare-earths company Shenghe Resources 600392.SS will acquire the Australian firm for A$150.5 million ($96.62 million), in addition to the full amount raised under Peak's proposed A$7.5 million entitlement offer. ($1 = 1.5576 Australian dollars) (Reporting by Nichiket Sunil in Bengaluru; Editing by Sherry Jacob-Phillips) ((Nichiket.Sunil@thomsonreuters.com;))
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