Chinese State Company Looks to Takeover Extract Resources

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.