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Dragon Mining ( (HK:1712) ) just unveiled an update.
Dragon Mining Limited is the subject of a conditional voluntary cash offer by Wah Cheong Development, a subsidiary of Allied Group Limited, to acquire all issued shares of the company. The offer, priced at HK$2.60 per share, aims to acquire a maximum of 111,218,886 shares, with a total cash requirement of approximately HK$289 million. The offer is conditional on obtaining necessary regulatory approvals and is backed by financial resources from Allied Group Limited.
More about Dragon Mining
Dragon Mining Limited is a company incorporated in Western Australia, primarily involved in the mining industry. The company focuses on the extraction and processing of mineral resources, playing a significant role in the mining sector.
Average Trading Volume: 1,685,993
Technical Sentiment Signal: Buy
Current Market Cap: HK$422.1M
Learn more about 1712 stock on TipRanks’ Stock Analysis page.