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.