08
Jun
05:27
Hao Bai International buys Malaysian mining firm
Hong Kong-listed specialist contractor Hao Bai International (Cayman) Limited has sealed a deal to acquire Malaysian mining firm Powerful Leader Mining Sdn. Bhd for HK$11 million ($1.4 million), Kallanish notes.
Upon completion, Powerful Leader Mining will become a non-wholly owned subsidiary of Hao Bai International.
Powerful Leader Mining is incorporated in Malaysia with limited liability and is principally engaged in iron ore development and bauxit…
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