30 April 2014
Allion Legal acting for Galaxy Resources on sale of Jiangsu Lithium Carbonate Project in China.
Principals Stuart Mengler and Simon Rear are acting for Galaxy Resources Limited on the announced sale of 100% of Galaxy Resources' Jiangsu Lithium Carbonate Plant in China to Sichuan Tianqi Lithium Industries Inc for US$122 million, representing an enterprise value of US$230 million. Allion Legal's role also includes advising on all corporate matters relating to the return of Galaxy to official quotation with the ASX. Principal Richard Winter is assisting on the finance aspects of the transaction.