Gold One International (ASX: GDO) is currently under an offer from a Chinese consortium which includes a cash offer of A$0.55 per Gold One share and a minimum A$150 million capital injection into Gold One - which would secure a 60% to 75% stake.
BCX Gold Investments, the bidder, has extended the offer period to Thursday 15 December 2011, (unless further extended or withdrawn).
The reason for the extension is due to the regulatory approvals in China taking longer than anticipated.
Earlier in the week the Australian Foreign Investment Review Board (FIRB) approved the transaction.
The FIRB decision follows on from the approval by the National Development and Reform Commission (NDRC) from China, which was received earlier in the month.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/21304/gold-one-international-chinese-consortium-offer-period-extended-to-mid-december-21304.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment