Hopu To Inject $52M In Australia’s Paladin Energy

Login to View

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 to a company announcement.

Hopu Clean Energy (Singapore) Pte. Ltd. will subscribe 144.9 million Paladin shares at 0.42 Australian dollars per share for a total of US$52 million. The price represents a 15% premium to the volume-weighted average price of the past 30 days for the Australian Stock Exchange-listed firm.

China Money Network

Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech

Want to read this important story?

Access Over 11,000 stories and data posts over the past 8 years!

Register Now

Already have an account or paid subscription? Log in