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Re: baystock1 post# 58496

Monday, 01/02/2017 2:42:07 AM

Monday, January 02, 2017 2:42:07 AM

Post# of 63744
South African gold producer Gold One Group has filed an initial public offering application with the local bourse as it seeks to raise up to US$200 million (HK$1.56 billion).
State-owned Baiyin Group, a joint venture of Gansu State-Owned Assets Supervision and Administration Commission and CITIC Guoan Group Gold One Group, holds 59.2 percent of the IPO applicant. China-Africa Development Fund holds a 29.6 percent stake.
http://www.thestandard.com.hk/section-news.php?id=174181

I don't see how Baiyin can let Banro's refinancing fail as it would have negative repercussions on the upcoming Gold One IPO.

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