Noble backs Chinese bid over domestic rival
Australian goldminer Noble Mineral Resources says it favours a plan by China's Zhongrun Resources Investment to buy a stake in the company over a rival offer from Resolute Mining.
Australian goldminer Noble Mineral Resources says it favours a plan by China's Zhongrun Resources Investment to buy a stake in the company over a rival offer from Resolute Mining .
Noble said on Friday that it favoured Zhongrun's $85 million offer for a 42 per cent stake in the company, made last month, as it continued to be in the best interests of all shareholders.
Reuters
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