Zhaojin Mining Industry Co (HK:1818) has released an update.
Zhaojin Mining Industry Co. announces the initiation of a compulsory acquisition of the remaining shares of Tietto Minerals Limited, aiming for complete ownership after already securing 90.72% control. This strategic move is part of a series of offers detailed in previous announcements and is in compliance with corporate regulations, avoiding the need for shareholder approval. The acquisition is expected to be a significant transaction for Zhaojin Mining, further expanding its market influence.
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