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Sino targeted for takeover

Aug 26, 2009 (The Age - ABIX via COMTEX) -- By Mathew Murphy

Company: Eldorado Gold Corp (EGO)

Shares in Sino Gold were suspended from trading on 26 August 2009, in response to a takeover bid. Canada-based Eldorado Gold currently holds a 19.9 per cent stake, and will offer 0.55 of its shares for every Sino share, valuing the bid at $A2.2bn. Meanwhile, Sino has posted an underlying profit of $A22.2m for the first half of 2009, compared with $A10.8m previously.

Publication Date: 27 August 2009 

SINO GOLD MINING LIMITED - ASX SGX
ELDORADO GOLD CORPORATION
GOLD FIELDS LIMITED

Copyright (C) 2009 ABIX. All rights reserved

News Provided by COMTEX

Company: Eldorado Gold Corp (EGO)


Related terms: canada, gold, mining, profit, takeover

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