0910 [Dow Jones] Speculation continuing that China is circling Fortescue Metals
(FMG.AU). According to The Australian Financial Review, citing an unnamed China-based
source, state-owned Baosteel is believed to be interested in acquiring a significant
stake despite negotiations ending earlier this year on sale of a 16.5% stake, which is
held by U.S. fund Harbinger. Today's report won't come as a major surprise.
Reports in February said China Investment Corp., the country's A$200 billion
sovereign wealth fund were in informal talks with FMG. FMG not immediately available to
comment. Last trade A$7.41. (SVM)
nice and simple, page-13
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |