Lynas looks for new source of funds for RM1bil plant


KUALA LUMPUR: Australia-based Lynas Corp Ltd, which has temporarily suspended the construction of its RM1.2bil lathanide plant in Kuantan, is looking at various options to realign new funding to re-start its maiden project in Malaysia.

Executive chairman Nicholas Curtis said the group was talking to several major local banks as well as potential joint-venture partners.

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