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Australasian, RDI merger postponed

AUSTRALASIAN Resources’ planned merger with Clive Palmer’s Resource Development International looks to be delayed after Palmer pushed back his $A5 billion Hong Kong IPO.

Kate Haycock
Australasian, RDI merger postponed

Australasian went into a trading halt this morning after billionaire entrepreneur Clive Palmer last night revealed he had shelved his plans for a Hong Kong initial public offering for up to 12 months....

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