News Headline Summary

Lynas (LYC AT) confirms Malaysian appeal dismissed

Says:

- No injunction or stay preventing Malaysia operations.

Reaction details (05:24)

- Co. shares immediately moved higher by 8.78% following this headline.

Analysis details (05:25)

- Earlier in the session, Co. understands persons associated with Save Malaysia Stop Lynas group have brought another application to Kuantan High Court seeking to challenge the process involved in issuance of Lynas' temporary operating licence.

19 Dec 2012 - 05:21 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: