Sihayo Gold Limited (AU:SIH) has released an update.
Sihayo Gold Limited has received an unsolicited takeover bid from Provident Aurum Pte. Ltd., offering 0.225 cents per share, a substantial 91.3% premium over the recent average. While Sihayo advises shareholders to hold off on any action, Provident Aurum, already holding a 40.41% stake, is determined to acquire the entirety of Sihayo’s shares, emphasizing the cash offer’s attractiveness due to Sihayo’s low trading volume.
For further insights into AU:SIH stock, check out TipRanks’ Stock Analysis page.
