Securities Times e Company NewsteenagemutantninjaturtlesiithearcadegameShenghe Resources (600392) announced on the evening of May 19 that Chenguang Rare Earth, a wholly-owned subsidiary of the company, plans to acquire 100% equity of Strandline Resources UK Limited (referred to as "SRUL Company"), a wholly-owned subsidiary of STA Company, and then indirectly hold interests in Fungoni, Tajiri, Sudi, Bagamoyo four heavy placer projects in Tanzania. According to the agreement, Chenguang Rare Earth will pay the entire transaction price of A$43 million. This transaction will help expand the company's heavy placer resource channels, ensure the company's raw material supply, and optimize the company's global business layout.