FMG 1.93% $16.99 fortescue ltd

Chinese controlled FMG, page-31

  1. 13,783 Posts.
    Company news

    Shares in Fortescue Metals Group Limited (ASX:FMG) gained yesterday amid speculation Chinese groups are preparing to invest in the miner. Media reports claim Chinese companies have applied to Australia’s Foreign Investment Review Board to make a new investment. The Pilbara focussed iron ore miner told the ASX it does not comment on speculation and is not aware of any Foreign Investment Review Board applications by third parties. Shares in Fortescue Metals Group jumped 10.6 per cent to close at $2.40 on Tuesday.

    http://www.finnewsnetwork.com.au/archives/finance_news_network110145.html
 
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