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Extract Resources calls shareholders to "take no action" regarding Chinese takeover bid

Cecilia Jamasmie | December 09, 2011 | 6:39 pm Energy Australia China Europe Uranium 

Australia's Extract Resources Ltd. (ASX:EXT), owner of the world’s fourth-largest uranium deposit, advised shareholders to take no action regarding the $2.2 billion takeover bid from Chinese nuclear fuels supplier Guangdong Nuclear Power Corp (CGNPC). Together with the China-Africa Development Fund...

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