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Dragon Mining ( (HK:1712) ) has issued an update.
A joint announcement was made regarding a conditional voluntary cash offer by Wah Cheong Development (B.V.I.) Limited, a subsidiary of Allied Group Limited, to acquire all issued shares of Dragon Mining Limited. The offer’s current status reveals that none of the conditions have been satisfied or waived, and the Offeror’s voting power in Dragon Mining Limited stands at approximately 29.83%. The offer remains subject to certain conditions, and stakeholders are advised to exercise caution as the offer may not become unconditional.
More about Dragon Mining
Dragon Mining Limited is a company incorporated in Western Australia, operating in the mining industry. It focuses on the extraction and processing of mineral resources, with a market presence that includes stakeholders interested in its mining operations.
Average Trading Volume: 2,573,775
Technical Sentiment Signal: Buy
Current Market Cap: HK$603.9M
Learn more about 1712 stock on TipRanks’ Stock Analysis page.