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The Sydney Morning Herald reported that Foreign Investment Review Board approved Japanese investment in Lynas Corp. (ASX:LYC).
The Sydney Morning Herald reported that Foreign Investment Review Board approved Japanese investment in Lynas Corp. (ASX:LYC).
The market news is quoted as saying:
The investor is a special purpose company owned by Sojitz Corporation and the Japan Oil, Gas and Metals National Corporation (JOGMEC), which is to put $325 million into Lynas in the form of a loan and the acquisition of $25 million in new shares.