Ji En Nickel: acquisition of Canadian mines nodded by regulator

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Ji En Nickel: acquisition of Canadian mines nodded by regulator

posted on May 21, 2009 12:17PM

BEIJING, May 21, 2009 (Xinhua News Agency) -- The Shanghai-listed Jilin Ji En Nickel Industry Co. (600432.SH) announced Thursday that the National Development and Reform Commission has approved its acquisition of shares in Canadian Liberty Mines Inc. (TSX:LBE)

The company said in mid-April that it planned to invest 30 million Canadian dollars to buy a 51 percent stake in Canadian Liberty Mines, adding that the deal had been nodded by Toronto Stock Exchange and waited for approval from the Chinese regulators.

Source: Xinhua (May 20, 2009 - 10:36 PM EDT)

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