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The latest announcement is out from MMG ( (HK:1208) ).
MMG Limited has announced a significant acquisition of Anglo American’s nickel business in Brazil, marking its first investment in the country and adding nickel to its mineral resources portfolio. This acquisition aligns with MMG’s growth strategy, aiming to enhance its market positioning and broaden its commodity exposure. The deal, classified as a discloseable transaction under the Listing Rules, involves the purchase of the entire issued share capital of the target company and is subject to certain conditions before completion. The trading of MMG’s shares was temporarily halted but has since resumed, with stakeholders advised to exercise caution.
More about MMG
MMG Limited is a company incorporated in Hong Kong with a focus on the mining industry. The company primarily deals in base metal commodities and seeks to expand its earnings and geographical footprint.
YTD Price Performance: 11.53%
Average Trading Volume: 6,470
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.38B
Learn more about 1208 stock on TipRanks’ Stock Analysis page.
