China's Ningbo Shanshan has become the majority shareholder in Australia's Altura Mining after buying 200 million ordinary shares for AUD22.4m ($15.8m), giving it a holding of 11.8%. The purchase came weeks after Shanshan, a lithium-ion battery materials supplier, acquired an 19.4% stake in Altura from Shaanxi J&R Optimum Energy.
China's Ningbo Shanshan has become the majority shareholder in Australia's Altura Mining after buying 200 million ordinary shares for AUD22.4m ($15.8m), giving it a holding of 19.4%. The purchase came weeks after Shanshan, a lithium-ion battery materials supplier, acquired an 11.8% stake in Altura from Shaanxi J&R Optimum Energy.