Sierra Rutile Holdings Limited (AU:SRX) has released an update.
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Sierra Rutile Holdings Limited (SRL) has announced that GEMCORP Commodities Assets Holdings Limited and associated entities have ceased to be substantial shareholders in SRL after accepting an off-market takeover offer from Leonoil Company Limited. The disposal involved the transfer of 84,466,330 shares at a price of $0.18 per share. This marks a significant change in the ownership structure of Sierra Rutile Holdings, potentially impacting the company’s strategic direction and stock performance.
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