Announced
Financials
Sources
Tags
Private
Acquisition
Single Bidder
Majority
Friendly
general mining
General Mining
China
Failed
Synopsis
China Nonferrous Metal Industry's, a China-based company principally engaged in the mining, selecting and smelting of non-ferrous metals, acquisition of a 75% stake in China Nonferrous Mining, an investment holding company, from China Nonferrous Mining Development for $1bn, did not receive shareholders' approval. The proposal was backed by less than 55% of votes from small- and medium-sized shareholders.
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