Subscribe to RSS feedFelix in trading halt as Chinese buyer looms
by
Sineva Toevai
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last modified
Aug 11, 2009 12:03 PM
Felix Resources was placed in a share trading halt yesterday amid strong takeover speculation from Chinese interests.
In a statement to the Australian Securities Exchange, Felix requested its shares be suspended pending an announcement on the outcome of “negotiations regarding a potential change of control”.
The company is reportedly in discussions with Chinese company Yanzhou Coal Mining.
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