Ganfeng Lithium: Subsidiary’s tender offer for Bacanora will resume after the matter is approved by the Mexican government

October 24,Ganfeng Lithiumannouncement, A wholly-owned subsidiary, Shanghai Ganfeng’s tender offer for Bacanora’s acquisition, involving mining rights investment and related-party transactions, is performing Bacanora’sshareholderAcceptance procedures and the approval of the Mexican government.Up to now, because the Mexican government’s approval process for this matter has not been completed, Shanghai Ganfeng and Bacanora have reported to the UK according to the UK tender offer process and relevant laws and regulations.M&AThe committee applied for the suspension of the tender offer process, which will be resumed after the matter is approved by the Mexican government. The results of the tender offer are subject to the acceptance procedures of Bacanora’s shareholders and the final status of the approval work of the Mexican government, and there is a certain degree of uncertainty.

May 6th,Ganfeng LithiumAnnounced that Shanghai Ganfeng, a wholly-owned subsidiary, intends to make a tender offer for Bacanora, with a transaction amount of not more than 190 million pounds; Shanghai Ganfeng and Bacanora each hold 50% of the shares in the Sonora project, and the total lithium resource of the Sonora project is approximately 8.82 million tons. Lithium carbonate equivalent.

(Article Source: Interface News)

Article source: interface news

Editor in charge: DF551

Original title: Ganfeng Lithium: Subsidiary’s tender offer for Bacanora will resume after the matter is approved by the Mexican government