Dec 10 (Reuters) - Australia's St Barbara SBM.AX said on Wednesday Chinese gold producer Lingbao Gold Group 3330.HK would buy a 50% stake in its unit St Barbara Mining Pty for A$370 million ($245.50 million) in cash.
($1 = 1.5072 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru; Editing by Subhranshu Sahu)
((Nichiket.Sunil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.