News Column

CFIUS Reviews Goldleaf Jewelry Takeover Files

August 13, 2014



SHANGHAI, August 13, SinoCast -- Goldleaf Jewelry announces that a US lawyer the company hires informed that the CFIUS has accepted takeover files the company presented and launched reviews.

An issuance program Goldleaf Jewelry released earlier showed that the company was to issue 475 million A-shares at not less than CNY 11.98 each and finance not more than CNY 5.69 billion in a non-public offering. The financing will be used to take over oil business of ERG and replenish working capital. The company's main business will cover gold resources operation and oil exploration after the share issuance.






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Source: Sinocast Energy Beat (China)


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