Xiamen Tungsten to buy out asset from Mitsubishi Chemical

Dec. 27, 2010 11:41AM PST

China Knowledge.com reports that Xiamen Tungsten Co Ltd has bought Guangzhou Pearl River Optoelectronic New Material Co Ltd from Japan’s Mitsubishi Chemical Corp.

The story is quoted as saying:

The company’s subsidiary Fujian Changding Jinglong Lanthanide Co Ltd will spend US$3.87 million to purchase the target firm, which is wholly owned by Mitsubishi Chemical.

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