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Oasis Star's Tian An Australia takeover completes

Oasis Star Ltd. completed its takeover of Tian An Australia Ltd. by buying the 80% stake in the company that it did not own when the bid was launched in September.

The offer was originally scheduled to close Nov. 3 but was extended twice, ultimately closing Dec. 1, 7 p.m. Sydney time.

Tian An said in a filing that shareholders who accepted the offer are expected to receive their A$1.30-per-share payment by Dec. 22.