Far East Gold (ASX:FEG) said Xingye Gold (Hong Kong) Mining dispatched a bidder statement for its offer to acquire all of the company's ordinary shares that it does not already hold for AU$0.13 each in cash, according to a late Thursday filing with the Australian bourse.

Far East Gold reiterated its recommendation that shareholders take no action on the off-market acquisition bid, saying that the offer is opportunistic in both its timing and pricing.