Tietto urges shareholders to accept Zhaojin bid or sell their shares
Hong Kong-based Zhaojin Capital has obtained enough acceptances for its off-market takeover bid to control the composition of ASX-listed Tietto Minerals’ board.
As of May 6, Zhaojin held about 74.85% of Tietto's voting power.
The offer price of $0.68 a Tietto share has been declared final, with no possibility of further increase. Additionally, all conditions that could hinder the offer have been removed, making it unconditional.
With Zhaojin's voting power exceeding 50%, the offer period has automatically extended by 14 days. Consequently, the offer will now close on May 14 at 19:00 (Sydney time).
It is not certain if there will be another extension of the offer period. If not extended further, acceptances received after May 14 will not be valid.
Tietto shareholders have been advised to either accept the offer or sell their shares on the ASX promptly to secure the offer price and avoid the risks associated with being minority shareholders.
All Tietto directors who owned shares at the time of Tietto's response to the offer have either accepted the offer or sold their shares on the ASX.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation