Qinghai Salt Lake Industry (SHE:000792) signed a general cooperation agreement with Qinghai Guotou and China Minmetals to establish China Salt Lake Group.
At the same time, China Salt Lake Group intends to purchase 681,288,695 of Salt Lake shares held by Qinghai State-owned Assets Investment and its concerted party Wuhu Xinzeqing Investment Management Partnership, according to a Monday filing with the Shenzhen bourse.
The transaction is subject to the approvals of relevant state-owned assets supervision and management departments.
Shares of the fertilizer producer rose 2% in recent trade.
Price (RMB): ¥15.04, Change: ¥+0.32, Percent Change: +2.17%
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