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Dragon Mining ( (HK:1712) ) has issued an update.
Dragon Mining Limited, a company incorporated in Western Australia, is the subject of a pre-conditional voluntary cash offer by Allied Properties Resources Limited. The offer, facilitated by Morton Securities, aims to acquire all issued shares of Dragon Mining not already owned by the offeror. The offer price is set at HK$2.20 per share, with the total cash required for full acceptance amounting to approximately HK$244.68 million. The transaction is considered a major one for APAC Resources Limited and requires APAC shareholder approval, which may affect the timeline for the offer’s completion.
More about Dragon Mining
YTD Price Performance: 37.01%
Average Trading Volume: 260,275
Technical Sentiment Signal: Sell
Current Market Cap: HK$333.6M
See more data about 1712 stock on TipRanks’ Stock Analysis page.