CITIC Goldstone backs $285m Chinese mining acquisition
Goldstone Investment, the direct investment arm of CITIC Securities, is aquatics producer Hubei Wuchangyu's RMB1.75 billion ($285 million) acquisition of a Guizhou province-based mining firm.
According to a regulatory filing, Shanghai-listed Hubei Wuchangyu will buy 414 million shares in Qianjin Mining at RMB4.21 apiece. This is the company's second attempt at acquiring Qianjin. Earlier this...
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