Chinese tycoon seeks control of Letlhakane uranium project

Friday, January 17, 2020

He Jiandong, a Chinese engineering tycoon, has mounted a US$5 million bid for control of A-Cap Resources, the firm developing the Letlhakane Uranium Mine near Serule which is ranked in the world’s top 10 undeveloped uranium projects.

A-Cap shareholders are due to vote on the offer by March and although directors have said the offer is unfair, they also say it is reasonable.

Jiandong’s Shenke Holdings has tabled an offer to Jiangsu Shengen Resources group for its 41% stake in A-Cap. That stake would give Jiandong control of the firm, with the two other major investors holding a collective 34%.

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Chinese tycoon seeks control of Letlhakane uranium project

He Jiandong, a Chinese engineering tycoon, has mounted a US$5 million bid for control of A-Cap Resources, the firm developing the Letlhakane Uranium Mine near Serule which is ranked in the world’s top 10 undeveloped uranium projects.

Stanbic pretax profits up 11%

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Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

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Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!