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04 Sep
05:50

SASAC approves Baowu's acquisition of Tibet Mining

Tibet Mining says Baowu Group's acquisition of the company has been reviewed and approved by the Tibet SASAC. This also means Baowu Group will once again expand its control in mining companies, Kallanish notes. According to the company's restructuring plan, Baowu and related company Shigatse Everest City Investment Development Group will hold 52% of Tibet Mining. In addition, Baowu will hold another 22.27% of Tibet Mining through mining company T…
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