Global Ferronickel to take 20% stake in Chinese ore processo

Global Ferronickel to take 20% stake in Chinese ore processor


BusinessWorld
May 25, 2021 | 12:09 am
THE board of Global Ferronickel Holdings, Inc. (FNI) has approved the acquisition of a 20% interest in China’s Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN).
In a disclosure to the stock exchange on Monday, the company said its board considered the proposal of the management to obtain interest in GCTN as part of the effort to “enhance synergy” between FNI as an ore supplier and GCTN as a value-added processor.
Further, the disclosure said the acquisition seeks to offer consistent and reliable trade transactions between the parties and provide support for FNI’s diversification projects.
However, FNI did not provide details or figures on its planned acquisition in the stock exchange disclosure.

Related Keywords

China , Yangjiang , Guangdong , Jilin , Surigao , Philippines , Revin Mikhaeld Ochave , , Global Ferronickel Holdings Inc , Party Transaction Committee , Platinum Group Metals Corp , Global Ferronickel Holdings , Related Party Transaction Committee , Surigao Del Norte Based , Revin Mikhael , சீனா , குவாங்டாங் , பிலிப்பைன்ஸ் , கட்சி பரிவர்த்தனை குழு , வன்பொன் குழு உலோகங்கள் கார்ப் , தொடர்புடையது கட்சி பரிவர்த்தனை குழு ,

© 2025 Vimarsana