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    market news

    Chinese State Company Looks to Takeover Extract Resources

    Investing News Network
    Dec. 09, 2011 02:29PM PST
    Energy Investing

    SMH reported China Guangdong Nuclear Power Group Uranium Resources Company bid on Extract Resources (ASX:EXT).

    SMH reported China Guangdong Nuclear Power Group Uranium Resources Company bid on Extract Resources (ASX:EXT).

    As quoted in the market news:

    China Guangdong Nuclear Power Group Uranium Resources Company launched a friendly takeover bid overnight on the London Stock Exchange offering £632 million ($A979 million) for Extract’s main shareholder, Kalahari Minerals, which owns 43 per cent.

    Click here to read the full SMH report.

    market newskalahari mineralschinaasx:extnuclear power
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