Clayton Utz has acted for Hong Kong Stock Exchange-listed diversified mining group Regent Pacific Group Limited (Regent Pacific) on its friendly bid for Australian junior iron ore miner BC Iron Limited (BC Iron), to be implemented by scheme of arrangement.
"This is a significant deal for Regent Pacific as its successful implementation would significantly contribute to Regent's strategy of becoming Hong Kong's next major mid-tier mining house focussed on bulk commodities, base metals and gold in the Asia-Pacific region," said Perth partner Heath Lewis.
"It is further validation of the theory that Australian resources and resource projects remain attractive investment propositions for overseas investors, notwithstanding the strong Australian currency, and that Perth ... maintains its eminence in the world-wide energy and resources scene."
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