CHINESE – AUSTRALIA

Fosun’s cash offer wins Roc Oil

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Original article by Matt Chambers
The Australian – Page: 18 : 5-Aug-14

Fund management firm Allan Gray, which has a 19% stake in Australian-listed Roc Oil, has given its support to a takeover offer worth $A474m. The suitor is private Chinese group Fosun, which will pay $A0.69 a share in cash. Allan Gray had previously lobbied against an attempt by Roc to stage a merger of equals with Horizon Oil that required no stockholder vote, and it motivated 51% of Roc’s investors to demand a say on the proposal. Roc will now be delisted by Fosun, and on 4 August 2014 the stock closed $A0.045 higher at $A0.675. Horizon shares fell $A0.025 to $A0.345

CORPORATES
ROC OIL COMPANY LIMITED – ASX ROC, HORIZON OIL LIMITED – ASX HZN, FOSUN INTERNATIONAL LIMITED, ALLAN GRAY AUSTRALIA PTY LTD, OSAKA GAS COMPANY, ASX LIMITED – ASX ASX

China’s Baosteel takes control of Aquila Resources

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Original article by Sarah-Jane Tasker
The Australian – Page: 19-20 : 26-Jun-14

The takeover of Aquila Resources by Baosteel and Aurizon will proceed after one of the co-founders supported the $A1.4 billion deal. Charles Bass has decided to sell his 10.7 per cent stake in the absence of a superior offer. Co-founder Tony Poli has already committed his holding of nearly 30 per cent. With its own stake of 20 per cent, Baosteel now has an interest of nearly 60 per cent. Poli has advised shareholders to wait until 3 July 2014 in case there is a superior offer

CORPORATES
AQUILA RESOURCES LIMITED – ASX AQA, AURIZON HOLDINGS LIMITED – ASX AZJ, SHANGHAI BAOSTEEL GROUP CORPORATION, MINERAL RESOURCES LIMITED – ASX MIN