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Chinese buyer in box seat for Alita

Receivers for Australian company Alita Resources have retired after administrators received two proposals to restructure the collapsed lithium producer.

Chinese buyer in box seat for Alita Chinese buyer in box seat for Alita Chinese buyer in box seat for Alita Chinese buyer in box seat for Alita Chinese buyer in box seat for Alita

Alita Resources' Bald Hill mine was suspended in early September

Administrator KordaMentha said one of the proposals would deliver a "markedly superior" outcome to creditors than the other.