08:17 AM EST, 12/23/2024 (MT Newswires) -- Neo Performance Materials ( NOPMF ) on Monday said the sale of its 86% equity interest in Jiangyin Jiahua Advanced Material Resources and 100% of equity in Zibo Jiahua Advanced Material Resources to Shenghe Resources Holding for a total of about US$29.7 million in cash will close in the first quarter of 2025 as opposed to in the fourth quarter of this year as previously expected.

The company said administrative filings, registrations and approvals delayed the closing.

Shares of the company closed up $0.02, or 0.3%, to $7.96 on Friday on the Toronto Stock Exchange.