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China firm makes cheaper fresh bid for Aussie miner PanAust
Published Mon, Mar 30, 2015 · 09:50 PM
Sydney
CHINA'S Guangdong Rising Assets Management launched a fresh US$850 million bid to buy copper and gold miner PanAust Ltd, but priced its offer at a quarter less than 10 months ago, underscoring the rout in mineral commodities.
Analysts said the renewed bid demonstrated an ongoing appetite among Asian enterprises to take full ownership of Australian-listed assets, rather than buy into passive partnership roles.
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