Heaven-Sent Capital To Acquire African Gold Producer For $58M

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Beijing-based private equity firm Heaven-Sent Capital Management Group Co., Ltd. has agreed to acquire 100% of South African gold producer Village Main Reef Limited for about US$58 million, according to a company announcement.

Heaven-Sent offers to buy all of Village Main Reef’s outstanding shares at 12.25 South African rand per share, representing a 14.49% premium to its last closing price before the signing of the agreement.

China Money Network

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