Thursday, January 20, 2011

Subsidiaries in the completion of the global gold Lingnan Star acquired 100% stake in mining

 【Finance new network】 (trainee journalist Wu Hongyu Ran) in the gold Lingnan Corporation (000060.SZ, hereinafter referred to as the gold Lingnan) January 15 announcement that the Australian subsidiary Pei Liya Company Limited (Perilya Ltd., PEM. ASE, hereinafter referred to as Perilla) Global Star Mining Corporation of Canada (GlobeStar Mining Co., GMI.TSX, hereinafter referred to as a global star) about 0.25 million remaining shares were compulsory acquisition.

Pei Liya central bank said the acquisition is based in Canada, completion of the law. December 13, 2010, Pei Liya about 1.164 billion yuan to purchase more than 1 million shares of Globalstar common stock, control 97.77% shares of Globalstar, buy into the closing stages. That time, the company announced that compulsory acquisition will fulfill obligations to the global star, and is expected to be completed in early January 2011.

this point, Pei Liya has been 100% stake in Globalstar, formally submitted to the Toronto Stock Exchange's delisting application on the global star.

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1 15, to close at 20.02 yuan in gold Lingnan / share; January 17, the gold Lingnan to 20.14 yuan / share higher open, lunch break at 20.41 yuan / share, or up to 1.95 %. 
in gold Lingnan (000,060, stock it) Australian subsidiary Pei Liya Global Star Mining Corporation of Canada about 025 million remaining shares of the compulsory acquisition, and has applied for delisting of global stars

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