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Chinese Investors Now Own Majority in Gold One

Precious Metals

IBTimes reported that a Chinese consortium has completed acquiring a majority stake in Gold One (ASX:GDO).

IBTimes reported that a Chinese consortium has completed acquiring a majority stake in Gold One (ASX:GDO).

As quoted in the market news:

Gold One announced the deal completion on the last day of trade in 2011. Gold One issued and allotted a total of 375 million ordinary shares, at $0.55 per share, to BCX Gold Holdings after receiving the A$150 million funds.

Click here to read the full IBTimes report.

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