CHINA – China Daye to make copper acquisitions

China Daye Non-Ferrous Metals will acquire four Chinese copper mines from a government entity of the Hubei province for a total price of US$900 million.

The company has issued new shares and convertible notes for the acquisition which resulted in a significant reverse takeover for China Daye. International Hong Kong legal practice Norton Rose advised the company on the transaction which involved complicated legal and regulatory processes.

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