tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

South Manganese Investment Enters Framework Agreements with Guangxi Dameng

Story Highlights
  • South Manganese signs agreements with Guangxi Dameng for manganese transactions.
  • The agreements require independent shareholders’ approval due to significant transaction size.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
South Manganese Investment Enters Framework Agreements with Guangxi Dameng

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

South Manganese Investment Limited ( (HK:1091) ) has shared an announcement.

South Manganese Investment Limited has entered into two framework agreements with Guangxi Dameng for the sale and purchase of manganese ores and related products from March 2025 to December 2027. These agreements, which involve significant transactions due to the percentage ratios exceeding 5%, require independent shareholders’ approval and are subject to announcement, reporting, and annual review requirements under the Hong Kong Listing Rules. An Extraordinary General Meeting (EGM) will be held for independent shareholders to consider and approve these agreements, with Guinan Dameng abstaining from voting due to its material interest. An independent board committee and financial adviser will be appointed to guide the shareholders, and a circular detailing the agreements will be dispatched by the end of March 2025.

More about South Manganese Investment Limited

South Manganese Investment Limited is a company incorporated in Bermuda, primarily engaged in the production and sale of manganese ores and related products. The company operates in the mining industry, with a focus on leveraging its resources and market presence to strengthen its position in the manganese sector.

YTD Price Performance: -22.50%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €140.2M

For detailed information about 1091 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1