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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC and Russian bank to buy Gold company shares

Posted on 02 May 2012

Polyus Gold International Limited, the biggest gold producer in Russia, announced that its indirect, wholly-owned subsidiary, Jenington International Inc., has entered into separate agreements to sell in privately negotiated transactions. Polyus Gold International Limited is quoted to have the third largest gold reserves in the world.
151,607,496 ordinary shares, which represent 5% less one share of the company’s issued share capital to Chengdong Investment Corporation. Chengdong Investment Corporation is a wholly-owned subsidiary of CIC International Co., Ltd………………………………………..Full Article: Source


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