China Bearing to acquire Indonesian nickel mine
Price of up US$120m in RTO deal to be paid in new shares
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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 million through the issuance of new shares to the vendor, Far East Mining Pte Ltd.
