CNMC's acquisition target attractive for size and proximity: vice-chairman
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Singapore
THE new concession in which CNMC Goldmine is planning to acquire a controlling stake is attractive due to its size and proximity to its current site, said the firm.
The Catalist-listed gold producer on Tuesday evening announced that it has signed a non-binding letter of intent to acquire a 51 per cent stake in a Malaysian mining company for RM13.8 million (S$4.6 million), and has entered into exclusive talks with the firm, Pulai Mining, for two months.
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