Chinese firm offers to buy South Africa gold miner Village for US$56m
Add BT as a preferred source[JOHANNESBURG] Unlisted Chinese asset manager Heaven-Sent has offered to buy junior South African gold producer Village Main Reef, the companies said on Wednesday, in a deal that values the target at 637 million rand (US$56 million).
The offer is for 12.25 rand per share, a 14.5 per cent premium on the company's closing price on Tuesday.
Chinese investment directly into the South African precious metals space remains relatively rare.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Orchard plot, Jurong East EC, Raffles Town Club site among 10 new housing parcels in H2 GLS plan
TikTok billionaire overtakes Mukesh Ambani as Asia’s second-richest person
Uber cuts 23% of people division as new president takes charge
Meta launches enterprise-focused AI ‘business agent’ to automate daily operations
