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Flinders Mines Limited ( (AU:RHK) ) has issued an announcement.
Red Hawk Mining Limited, a company listed on the ASX under the ticker RHK, has announced significant changes to its board of directors following Fortescue Ltd’s acquisition of over 90% of its shares. This acquisition by Fortescue, through its subsidiary FMG Pilbara Pty Ltd, will lead to a compulsory acquisition process and the replacement of Red Hawk’s board members with Fortescue’s nominees. The departing directors, Ms. Amy Jiang and Mr. Rob Foster, were representatives of major shareholders OCJ Investment and TIO (NZ) Limited, respectively. The company’s Chair, Cheryl Edwardes, expressed gratitude for their contributions during this transitional phase.
More about Flinders Mines Limited
YTD Price Performance: 44.00%
Average Trading Volume: 1
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €154M
For an in-depth examination of RHK stock, go to TipRanks’ Stock Analysis page.