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AsiaPhos to acquire LY Resources for S$36.8m

Acquisition set to boost Catalist-listed phosphate miner's operating cash flows and expand its resource base

Singapore

PHOSPHATE miner AsiaPhos is acquiring the entire stake of LY Resources for S$36.8 million in a bid to boost its operating cash flows and expand its resource base. The seller of LY Resources is Luo Yong, who owns half of the equity interest in Mianzhu Dashan Mining Co, the group'

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