Gold Fields and Sino Gold join forces to grow in China.

(From Chemical Business NewsBase - Press Release)

Sino Gold Ltd and Gold Fields Ltd announced the formation of a major new strategic alliance, combining Sino Gold's proven and recognised operational, development and business capabilities in China with the technical, financial and human resources expertise of Gold Fields, the world's fourth largest gold company. The strategic alliance will: Introduce Gold Fields as the largest shareholder in Sino Gold through the placement of 6.5 M ordinary shares, at a price of $5.58/share, taking Gold Fields' total shareholding in Sino Gold to 27,708,020 M shares or 17.4% of the company's expanded total issued share capital; create a …