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Shenhe Resources: MPMO, a subsidiary holding company, signs a "merger agreement and plan" with companies listed on the New York Stock Exchange.
Jul 22,2020 10:57CST
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SMM: recently, Shenhe Resources announced that MPMO, the shareholding subsidiary of Leshan Shenghe, and Fortress Value Acquisition Corp., a company listed on the New York Stock Exchange. And other relevant parties signed the merger Agreement and Plan. All shares in MPMO are proposed to be priced at $719 million for Fortress Value Acquisition Corp. at the price of $10 per share. Donovan's shares. MPMO currently has a total of 1110.98 shares, with Leshan holding 110.98 preferred shares.

Shenghe Resources take rare earth business as the core, taking into account rare, sparse and scattered "three rare" resources. The main products include rare earth concentrates, rare earth oxides, rare earth compounds, rare earth metals, rare earth metallurgical materials, rare earth catalytic materials, zircon sand, titanium concentrate, rutile and so on. it is widely used in new energy, new materials, energy saving and environmental protection, aerospace, military industry, electronic information and other fields.

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