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China's Jinan Hi-Tech takes big stake in graphite minnow

Triton Minerals is set to be 34%-owned by Chinese firm Jinan Hi-Tech after the latter invested A$8.5 million to buy new shares as well as acquiring Shandong Tianye’s 19.3% stake in the ASX-listed graphite company for $11 million.

China's Jinan Hi-Tech takes big stake in graphite minnow China's Jinan Hi-Tech takes big stake in graphite minnow China's Jinan Hi-Tech takes big stake in graphite minnow China's Jinan Hi-Tech takes big stake in graphite minnow China's Jinan Hi-Tech takes big stake in graphite minnow

Ancuabe graphite project in Mozambique

The Shandong stake is being acquired at the cost of A6.2c per share, while the direct investment into Triton is costing Jinan Hi-Tech 4.1c per share.