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China Bearing to acquire Indonesian nickel mine

Price of up US$120m in RTO deal to be paid in new shares
Thursday, August 25, 2016 - 05:50

Singapore

CHINA Bearing, which became a cash company after disposing of its operating subsidiary in December last year, is acquiring an Indonesian nickel ore mine via a reverse takeover (RTO) deal.

In an exchange filing on Tuesday, the group said that it will pay up to US$120