Shenghe Resources to Acquire 100% of Peak Rare Earths, Shares Suspended
Peak Rare Earths Limited shares have been suspended from the ASX following court approval of a scheme of arrangement for acquisition by Shenghe Resources. The suspension precedes the expected delisting later this month.
- Supreme Court of NSW approves scheme of arrangement
- Shenghe Resources (Singapore) to acquire 100% of Peak Rare Earths shares
- Trading suspended on ASX from 19 September 2025
- Scheme implementation expected by 30 September 2025
- Delisting to follow post-implementation
Court Approval Clears Path for Acquisition
Peak Rare Earths Limited (ASX – PEK) has reached a significant milestone in its acquisition journey, with the Supreme Court of New South Wales granting approval for a scheme of arrangement that will see Shenghe Resources (Singapore) Pte. Ltd. acquire all issued shares in the company. This legal endorsement, lodged with the Australian Securities and Investments Commission, marks the scheme as legally effective under the Corporations Act.
Trading Suspension Signals Transition Phase
Following the court's approval, Peak Rare Earths requested suspension of its shares from trading on the ASX effective from the close of trading on 19 September 2025. This suspension is a regulatory formality under ASX Listing Rule 17.2, designed to manage market integrity during significant corporate changes. The suspension will remain until the scheme is fully implemented, anticipated by 30 September 2025, after which Peak will seek removal from the official ASX list.
Implications for Shareholders and Market Participants
For shareholders, the acquisition by Shenghe Resources represents a full takeover, consolidating ownership under a single entity. While the announcement does not detail post-acquisition plans, the delisting from the ASX suggests a transition to private ownership or integration into Shenghe’s broader operations. Market participants should note the cessation of trading and prepare for the potential impacts on liquidity and valuation.
Looking Ahead
The final implementation of the scheme on 30 September will be a key date to watch, as it will confirm the completion of the acquisition process. Subsequent announcements may provide clarity on Peak Rare Earths’ strategic direction under Shenghe Resources’ ownership, including operational changes or potential relisting plans in the future.
Bottom Line?
Peak Rare Earths’ suspension and impending delisting mark a pivotal shift as Shenghe Resources takes full control, setting the stage for a new chapter beyond the ASX.
Questions in the middle?
- What are Shenghe Resources’ strategic plans for Peak Rare Earths post-acquisition?
- Will Peak Rare Earths remain private or consider relisting in the future?
- How will the acquisition impact Peak’s existing projects and partnerships?
