Metals X Secures Approval for Partial Acquisition of Greentech Shares

Metals X Limited ( (AU:MLX) ) has shared an update.

Metals X Limited has announced the satisfaction of pre-conditions for its voluntary cash partial offer to acquire up to 28% of Greentech Technology International Limited’s shares, which are not already owned by Metals X or its concert parties. This strategic move, approved by the Securities and Futures Commission of Hong Kong, could enhance Metals X’s stake in Greentech, thereby potentially strengthening its operational and market position within the industry.

The most recent analyst rating on (AU:MLX) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Metals X Limited stock, see the AU:MLX Stock Forecast page.

More about Metals X Limited

Metals X Limited is an Australian company primarily engaged in the mining industry, with a significant focus on tin production. Its principal asset is a 50% interest in the Bluestone Mines Tasmania Joint Venture, which operates the Renison Tin Mine in Tasmania.

Average Trading Volume: 5,337,438

Technical Sentiment Signal: Buy

Current Market Cap: A$487.5M

See more insights into MLX stock on TipRanks’ Stock Analysis page.