CNNC Overseas Uranium Holding Ltd. signed non-binding terms sheet to acquire an additional 24% stake in Langer Heinrich mine from Paladin Energy Ltd (ASX:PDN) for $175 million on July 21, 2016. On completion of the transaction, Paladin will continue to hold 51% of Langer Heinrich Uranium Pty Ltd. and be the operator. The transaction is expected to close in fourth quarter of 2016. The transaction is subject to China regulatory approvals. As of November 10, 2016, the definitive agreement for the sale have not yet been executed with the result that it is no longer likely that the transaction will close by the end of the fourth quarter of 2016. CNNC Overseas Uranium Holding Ltd. cancelled the acquisition of an additional 24% stake in Langer Heinrich mine from Paladin Energy Ltd (ASX:PDN) on January 11, 2017.