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Citic creeps Macarthur stake up to 23%

CHINA'S Citic Group has increased its stake in Macarthur Coal from 20.39% to 23.4% through a $A24...

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Citic creeps Macarthur stake up to 23%

Under Australian takeover rules a full takeover bid is required for any party grabbing more than a 20% stake in a company, but Citic is able to increase its stakeholding by 3% beyond that level every six...

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MiningNews.net Research Report 2024

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