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MINMETALS LAND Resumes Trading, Skyrockets Max. 94% as Major Shareholder Proposes Privatization at $1/ Shr
2025-10-24 09:35:56 MINMETALS LAND (00230.HK) received a privatization offer from its substantial shareholder at $1 per share. The Company resumed trading in its shares today (24th), and opened 91.84% higher. The stock leapfrogged by a maximum of 94% to a high of $0.95, and last snowballed 87.76% to $0.92, with a trading volume of 11.3755 million shares, involving $10.5763 million. MINMETALS LAND announced that its substantial shareholder, Minmetals HK, proposed to privatize the Company by way of a scheme of arrangement at a cash price of $1 per share, representing a premium of 104.08% over the closing price before trading halt, involving a maximum amount of $1.276 billion. Currently, 61.88% of the Company's share capital are held by the offeror. Upon the scheme becoming effective, the Company will apply to the Stock Exchange for the withdrawal of the listing of its shares. ~ AASTOCKS Financial News Website: www.aastocks.com | |