News Column

Baosteel Resources Okayed for Acquiring Aquila Resources

May 29, 2014

SHANGHAI, May 29, SinoCast -- Baosteel Resources Co., Ltd. and Aurizon Operations have gotten approval from the Foreign Investment Review Board (FIRB) for acquiring Aquila Resources for AUD 3.4 per share.

The Australian government agency has no objection to the acquisition. Next, the buyer and acquisition target need to get consent of at least 50% shareholders.

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Source: Sinocast Metals, Mining & Chemicals Beat (China)

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