Temasek Eyes Big Salt Deal.

(From SinoCast China Financial Watch)

SICHUAN, March 31, SinoCast -- The Singaporean government- owned Temasek Holdings is cutting deeper into China's industrial companies. It plans buying a 40% stake in Sichuan Jiuda Salt (Group) Corporation to buy a 40 percent stake, told the buyer in Hong Kong on March 24. The deal is priced at approximately CNY 490 million. As the biggest salt company in Asia, Jiuda was set up in 1991 in Chinese southwestern province of Sichuan. It produced up to 2.4 million tons of salt last year and generated taxes and revenues of more than CNY 160 million. The assets have amounted to CNY 1.6 billion and employees 6,900. The annual salt …