Galaxy Resources Gets Fund Injection from Chinese Investors

By intern reporter Zhang Yajun

(.com.cn) Australian Galaxy Resources Ltd. said it is one step closer to becoming the world's fourth-largest lithium carbonate producer after signing a financing deal with a Chinese private equity investor on Sept. 3.
 
Galaxy Resources managing director Iggy Tan confirmed to on Sept. 2 that Beijing-based Creat Group will purchase a 19.9 percent stake in the Australian company for A$ 26 million, or A$ 0.88 per share, becoming its largest shareholder.