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Neo’s Sale of Chinese Assets Faces Delay
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Neo’s Sale of Chinese Assets Faces Delay

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Neo Performance Materials Inc (TSE:NEO) has released an update.

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Neo Performance Materials Inc. is set to close the sale of its majority equity interest in Chinese rare earth separation assets to Shenghe Resources Holding Co., Ltd. in the first quarter of 2025. The transaction, originally expected to conclude in the fourth quarter of 2024, is delayed due to regulatory approvals and local administrative processes.

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