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English > Industry&Companies > Industry-Breaking News>Zhongjin Wins Approval to Buy Majority Stake in Australian Miner

Zhongjin Wins Approval to Buy Majority Stake in Australian Miner

02-05 13:53 Caijing Magazine

Full article in Chinese: http://www.caijing.com.cn/2009-02-05/110052976.html

» China's Zhongjin Lingnan Nonfemet said it had won Australian government approval to acquire a controlling stake in zinc miner Perilya. 

» In December, Zhongjin offered US$ 0.23 per share to buy a 50.1 percent stake in Perilya.

» Perilya's shareholders will vote on the deal today, while Zhongjin's shares will be suspended on that same day.

 

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