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BRIEF-Shandong Tyan Home to buy Hanking Australia via SPV
April 20, 2017 / 1:43 PM / 5 months ago

BRIEF-Shandong Tyan Home to buy Hanking Australia via SPV

April 20 (Reuters) - Shandong Tyan Home Co Ltd

* Says it plans to buy Shandong Tianye Group Bid Co Pty Ltd from controlling shareholder in order to own Hanking Australia Pty Ltd’s gold assets

* Says it will pay 1.83 billion yuan ($265.93 million) for Shandong Tianye Group Bid Co Pty Ltd via share issue

* Says share trade remains suspended

Source text in Chinese: bit.ly/2oTk9Ka; bit.ly/2oOhJyb

Further company coverage: ($1 = 6.8815 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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