SHRC(600392) Mei Ri Jing Ji Xin Wen·2025-05-14 14:25Group 1 - The core point of the article is that Shenghe Resources plans to acquire 100% of Peak Rare Earths Limited through its wholly-owned subsidiary, Ganzhou Chenguang Rare Earth New Materials Co., Ltd, for approximately AUD 150 million, which is about RMB 74 million [2][3] - The acquisition aims to expedite the development of the Ngualla rare earth project in Tanzania and strengthen the company's resource foundation [3] - Shenghe Resources previously acquired a 19.86% stake in Peak Rare Earths for RMB 179 million in February 2022 [3] Group 2 - As of the end of 2024, Peak Rare Earths has total assets of RMB 400 million, but reported zero revenue in 2023 and 2024, with net losses of RMB 53.89 million and RMB 48.94 million respectively [3] - A valuation report estimates the total equity value of Peak Rare Earths to be between RMB 799 million and RMB 921 million as of December 31, 2024 [3] - Shenghe Resources' main businesses include rare earth and zirconium-titanium, and the acquisition is expected to optimize its global business layout [3] Group 3 - The transaction requires approvals from Chinese regulators, the Tanzanian Fair Competition Commission, the mining commission, the Australian court, and the shareholders of Peak Rare Earths, making these approvals a prerequisite for the deal [3] - If the necessary approvals are not obtained within the stipulated time, the transaction may face termination risks [3] Group 4 - In 2024, Shenghe Resources reported revenue of RMB 11.371 billion, a decrease of 36.39% year-on-year, and a net profit attributable to shareholders of RMB 207 million, down 37.73% year-on-year [4]