PETALING JAYA: Australia-based Lynas Corp Ltd expects to resume the construction of its RM1.2bil lathanide plant in Kuantan by as early as September if the Australian government approves the entry of a new major shareholder from China into Lynas Corp in the next three weeks.
The construction was suspended early this year when the company’s bondholders withdrew funds worth US$95mil (RM337.4mil) due to the global economic downturn.
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