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Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) has issued an update.
An investor, Gong Hailin, has announced a pre-conditional voluntary cash partial offer to acquire up to 130,000,000 shares of Jinchuan Group International Resources Co. Ltd at HK$0.30 per share, representing about 1.0% of the company’s issued share capital not already owned by her and concert parties. The offer, which follows her existing 0.1% stake, is structured so that even if fully accepted it will not lift her holding to the 30% voting-rights threshold that would trigger a mandatory comparable offer for the company’s outstanding perpetual subordinated convertible securities, leaving those instruments unaffected for current holders.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is a Hong Kong-listed resources company focused on the acquisition, development and operation of mining and related assets. The company’s activities center on metal and mineral resources, serving industrial and commodity markets through its portfolio of resource-based investments and operations.
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
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