they misses a company
and we know what it is
Paladin, PanAust May Be Bid Targets For China, Citigroup Says
May 30, 2010, 9:52 PM EDT
By Rebecca Keenan
May 31 (Bloomberg) -- Paladin Energy Ltd., PanAust Ltd. and Aquarius Platinum Ltd. may be takeover targets for China after its foreign exchange reserves surged 25 percent to $2.4 trillion in March as the dollar rallied, Citigroup Inc. said.
“The European debt crisis has driven another rally in the dollar and nervousness has increased in debt markets as well,” Citigroup analyst Clarke Wilkins said in a May 28 report. “This will yet again allow China to flex its financial muscle by securing long-term natural resource security through acquiring operations and/or companies.”
The decline in the Australian currency may also encourage China to bid for Australian companies with overseas assets, the report said. The Australian dollar has fallen 9.5 percent from this year’s high on April 14 of 93.51 cents.