Tietto Minerals Ltd. (AU:TIE) has released an update.
Tietto Minerals Ltd has announced that the takeover offer by Zhaojin Capital for all remaining shares of Tietto will close on May 14, 2024, at 7:00 pm Sydney time, with no further increases to the $0.68 per share offer price. The company urges shareholders to accept the offer or sell their shares on the ASX before the deadline, citing risks associated with remaining a minority shareholder as Zhaojin’s stake approaches 80%. Tietto’s continued listing on the ASX is uncertain, and share liquidity is expected to be negatively impacted.
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