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Media release

Mallesons advises on Chinese investment into Gold One

Mallesons' cross-border Africa strategy has seen further success with the firm acting for a Chinese consortium (which includes Baiyin and the China Africa Development Fund) on a strategic investment in the ASX-listed Gold One International Limited. 

Gold One's assets are located in Southern Africa.  The Chinese consortium is investing up to $250 million into Gold One and simultaneously making an off-market takeover offer.  Gold One has a total anticipated enterprise value of $794 million.  The transaction was announced today (17 May 2011)

Mallesons partner David Eliakim said: "This transaction is an excellent example of the growing interest which Chinese investors have in African resources.   With our strong presence in Asia and close relationships with African law firms and advisors, we were well placed to assist the consortium on this significant investment." 

Paul Schroder, Mallesons senior associate, added:  "In many of these transactions, the road to Africa leads through Australia as a number of miners with African assets have primary listings on ASX.  This deal adds to the growing list of cross-border African matters we have been involved in and we expect there to be more."

Media enquiries:

Elle Lowe
Senior Manager, Corporate Affairs
T +61 2 9296 3730
M +61 424 168 080​