Lynas to resume RM1.2bil lanthanides plant project


  • Business Premium
  • Tuesday, 05 May 2009

KUALA LUMPUR: Lynas Malaysia Sdn Bhd is expected to resume its RM1.2bil lanthanides processing plant in Gebeng, Pahang as soon as new investments from a Chinese company are approved by Lynas shareholders.

Last week, Lynas Corp Ltd, the parent company of Lynas Malaysia, signed a binding heads of agreement with China Nonferrous Metal Mining (Group) Co Ltd (CNMC), whereby CNMC has been proposed as a new majority shareholder in the company.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Bursa Malaysia appoints Farid Alias as independent non-executive director Premium
Infineon to invest RM8bil to build wafer fab in Kulim, set for completion by 3Q24 Premium
Greenyield secures shareholders’ approval to buy asset in PNG Premium
PDB to open 50 Cafe Mesra by year-end Premium
PwC appoints Nurul A’in as deputy executive chair Premium
FBM KLCI ends at day's low on heavy last-minute selling Premium
Bank Negara's international reserves at US$109bil as at June 30 Premium
Alliance to increase lending, deposit rates effective July 13 Premium
DoSM: Average price of steel bar up 15.9% in June Premium
China unveils plans to spur car demand, may extend EV tax break Premium

Others Also Read