https://www.miningweekly.com
Power
Power
power

Tietto urges shareholders to accept Zhaojin bid or sell their shares

8th May 2024

By: Darren Parker

Creamer Media Contributing Editor Online

     

Font size: - +

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.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

A map of Deep Yellow's Tumas project in Namibia
Deep Yellow appoints new CFO
Updated 7 hours ago By: Creamer Media Reporter

Showroom

Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 
John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On The Air (19/07/2024)
19th July 2024 By: Martin Creamer

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.145 0.177s - 126pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: