Taung Gold Says It’s ‘Fully Funded’ After $580 Million Wing Hing Takeover

Bloomberg reported that Taung Gold will be funded for two years following a takeover by Wing Hing (HKG:0621).

The market news is quoted as saying:

Wing Hing, with holdings in Chinese gold and coal projects, will swap 84 percent of its shares for 87 percent of Taung to expand gold reserves in anticipation of rising prices, Wing Hing said April 4.

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