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First Development buys into Western Prospector

Jul. 2, 2009 (China Knowledge) - First Development Holdings Corp, a firm affiliated with CNNC International Ltd<2302>, bought more than 38 million common shares of Western Prospector Group Ltd, according to CNNC's filing with the Hong Kong Stock Exchange. The purchase represents about 69% of the outstanding common shares of Western Prospector. The share acquisition cost First Development ab

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