Sihayo Gold Limited (AU:SIH) has released an update.
Sihayo Gold Limited is currently advising its shareholders to take no action in response to an unsolicited takeover offer by Provident Aurum Pte. Ltd., who has offered $0.00225 per share. Shareholders are encouraged to await Sihayo’s forthcoming Target’s Statement and an Independent Expert’s Report for a comprehensive assessment of the offer. The offer remains conditional, and shareholders accepting the offer would be unable to transact their shares until the offer’s conditions are met or the offer period ends on 12 July 2024.
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