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.

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