PanAust shares jump, remain below takeover offer

Guangdong Rising has offered $2.30 cash per share for mining exploration company PanAust.

Just 11 months ago PanAust shares were trading above today’s $2.30 per share cash takeover offer by Chinese investment company Guangdong Rising Assets Management.

But between June 14 and yesterday, PanAust shares had dropped 30%. Guangdong Rising, which has a 23% stake in the mining exploration company that concentrates on Laos, pounced.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles