gta4crash| Zhaojin Mining (01818): Acquires the remaining shares of the target company at a premium of 36% Australian dollars per share

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The capital of Zhaojin is 0 per share.Gta4crash.58 Australian dollars made a conditional offer to acquire shares in the target companyGta4crashA 36% premium over the closing price of the target company, with a maximum total cost of about 31%Gta4crash. 2.6 billion Hong Kong dollars At the end of the offer period, Zhaojin Capital has acquired 90.72% of the target company.Gta4crashTo vote.

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[Zhaojin Capital submitted a conditional offer statement with a 36% premium on the shares of the target company] mining giant Zhaojin Mining (01818) announced on October 30, 2023 that its indirect wholly-owned subsidiary, Zhaojin Capital, had submitted a statement to the offeror. plans to make a conditional offer to acquire all shares not currently held by the target company. According to the offeror's statement, the offer price is A $0.58 per share, a 36 per cent premium to the target company's final closing price of A $0.425 on the Australian Stock Exchange. The total cost of the proposed acquisition is up to about A $629 million, or about HK $3.126 billion. The move reflects Zhaojin's determination to further consolidate its control of the target company and expand its mining territory. The offer period ended at 07:00 EDT on May 14, 2024. By the end of the offer, Zhaojin Capital's voting rights in the target company had reached 90.72%, which means that the target company will officially become a subsidiary of Zhaojin Mining.

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