Chinese private investor Australia Kengkong Investments Co could own a 45 per cent stake in Perth-based VDM Group and secure a seat on its board, as part of a $10 million convertible loan agreement announced today.
VDM Group has responded to rumours it will acquire mining rights at an Angolan copper project by saying the potential acquisition is incomplete with no certainty on its terms.
Shares in VDM Group have been punished on the ASX today, falling more than 47 per cent on news the contractor had been turfed off one of its major client's mine sites, forcing it to restructure its
