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Rich Pro persists with ASA bid

Chinese firm Rich Pro Investments has extended its cash offer to acquire ASA Resources Group (LN:ASA), as the London-listed company's board continues to fend off the takeover.

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ASA has gold and diamond interests in the Democratic Republic of Congo, Angola, Zimbabwe and South Africa

In the initial offer previously set to close on August 29, Rich Pro offered shareholders 0.021 per share (US$0.03), valuing the miner at 35.5 million.