HK-listed Lingbao Gold to buy half of Australia's St Barbara unit for $245.5 million

Reuters12-10

HK-listed Lingbao Gold to buy half of Australia's <a href="https://laohu8.com/S/SBM.AU">St Barbara</a> unit for $245.5 million

Dec 10 (Reuters) - Australia's St Barbara SBM.AX said on Wednesday Chinese gold producer Lingbao Gold Group 3330.HK would buy a 50% stake in its unit St Barbara Mining Pty for A$370 million ($245.50 million) in cash.

($1 = 1.5072 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru; Editing by Subhranshu Sahu)

((Nichiket.Sunil@thomsonreuters.com))

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