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China's Zhaojin wins control of Australia's Tietto Minerals in $475m deal

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M&A
China's Zhaojin Capital has won control of Australia's Tietto Minerals after a protracted six months takeover tussle that values the gold producer at A$733-million ($474.62-million), according to a regulatory filing on Wednesday. Zhaojin Capital, a unit of Hong Kong-listed Zhaojin Mining 1818.HK, now has 52.8% voting power, it said in the filing, up from 42.5% previously.
 
 
 
 
 

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