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

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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

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