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Dragon Mining ( (HK:1712) ) has issued an announcement.
Dragon Mining Limited has announced the dispatch of an offer document related to a conditional voluntary cash offer by Morton Securities Limited on behalf of Wah Cheong Development, a subsidiary of Allied Group Limited, to acquire all issued shares of Dragon Mining. This move marks a significant development in the company’s strategic operations, although Allied Properties Resources Limited has withdrawn its offer, terminating a potential major transaction for APAC Resources Limited. This announcement could impact Dragon Mining’s market positioning and stakeholder interests as it navigates these corporate maneuvers.
More about Dragon Mining
Dragon Mining Limited is a company incorporated in Western Australia with a focus on mining operations. It is involved in the extraction and processing of mineral resources, contributing to the mining industry.
Average Trading Volume: 2,110,313
Technical Sentiment Signal: Buy
Current Market Cap: HK$569.1M
See more insights into 1712 stock on TipRanks’ Stock Analysis page.