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Chinese to take a slice of PanAust

PANAUST has received a $A180 million investment from a Chinese group, with a further $142 million to be raised via an equity offer.

Kristie Batten
Chinese to take a slice of PanAust

State-owned Guangdong Rising Assets Management will subscribe for 457 million PanAust shares at 39.5c each, a 27% premium to the three-month volume weighted average price. The $180 million investment...

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