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1 comment on bloomberg.com/news/2014-02-17/chinese-gold-retailer-to-pay-665-million-for-texas-oil-operator.html

China Gold Jeweler to Pay at least $665 Million for a U.S. Oil Operator #ERG Resource LLC

The #Beijing based company will pay for the acquisition with a private share placement, raising as much as 5.7 billion yuan ($940 million) from no more than 10 investors, #Goldleaf said in a statement today to the #Shenzhen stock exchange. It will hold 95 percent of #Houston, Texas-based ERG after the purchase.
&Rob 2014-02-18 12:33:07