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Felix Resources has received the go-ahead from shareholders for a takeover by Yanzhou Coal Mining, the Chinese firm that has offered $3.2bn for the Australian miner. The Chinese Government had already approved the deal, the biggest of its sort between the two nations, and 99.8% of Felix
Felix Resources has received the go-ahead from shareholders for a takeover by Yanzhou Coal Mining, the Chinese firm that has offered $3.2bn for the Australian miner.
The Chinese Government had already approved the deal, the biggest of its sort between the two nations, and 99.8% of Felix shareholders approved the deal.
The only remaining hurdle will be to receive approval from the Federal Court of Australia and consent from the China Securities Regulatory Commission.
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