CORPORATE ACTIVITY
China Hanking Holdings launched a takeover bid for Australia's Primary Gold on Wednesday in line with a plan to build a long-term Australian gold business, valuing the target firm at A$37.5-million.
China Hanking, which owns 8.4% of Primary Gold, will offer A$0.0575 a share for the miner through its unit Hanking Australia Investment, it said in a filing to the Hong Kong bourse on Wednesday.
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