Focus bid for Crescent hits a Stone
Hong Kong’s Stone Mining has a blocking stake in Crescent Gold, the $68 million takeover target of Western Australian gold junior Focus Minerals.
Hong Kong company Stone Mining has built a blocking stake in Crescent Gold , the $68 million takeover target of fellow West Australian gold junior Focus Minerals , with a market capitalisation of $227 million.
But Stone Mining, a subsidiary of diversified investment group Stone Group Holdings, remains a bit of an enigma to Crescent, partly because an exclusivity deal that Focus struck with Crescent contains standard no shop, no talk clauses.
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