Antinuclear

China palling up with Paladin

Hopu To Inject $52M In Australia’s Paladin Energy, China Money Network By Staff Writer | November 24, 2014 Western Australia-based uranium production company Paladin Energy Ltd. says it plans to raise a total of US$177 million in a private placement deal, including a capital injection of US$52 million from a unit of Chinese private equity firm Hopu Investment Management Co., according toa company announcement……..the number of shares Hopu is buying represents around 15% of Paladin’s current capital base, but Hopu has received approval from Australia’s Foreign Investment Review Board (FIRB) to investment further and own up to 19.99% of Paladin.

Paladin says it will use the proceeds to repay the company’s medium-term debt that is coming due. Zhang Wendong, senior managing director at Hopu, will join Paladin’s board………http://www.chinamoneynetwork.com/2014/11/24/hopu-to-inject-52m-in-australias-paladin-energy

November 26, 2014 - Posted by Christina Macpherson | General News