MINMETALS LAND Restarts Trading, Soars Up to 94% After Major Shareholder Suggests $1/Share Privatization Offer
Privatization Offer: MINMETALS LAND received a privatization offer from its substantial shareholder, Minmetals HK, at $1 per share, which is a 104.08% premium over the previous closing price before the trading halt.
Stock Performance: Following the announcement, MINMETALS LAND's shares resumed trading and opened 91.84% higher, reaching a peak increase of 94% before settling at $0.92, with significant trading volume.
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MINMETALS LAND Restarts Trading, Soars Up to 94% After Major Shareholder Suggests $1/Share Privatization Offer
Privatization Offer: MINMETALS LAND received a privatization offer from its substantial shareholder, Minmetals HK, at $1 per share, which is a 104.08% premium over the previous closing price before the trading halt.
Stock Performance: Following the announcement, MINMETALS LAND's shares resumed trading and opened 91.84% higher, reaching a peak increase of 94% before settling at $0.92, with significant trading volume.
MINMETALS LAND Trading Suspended Due to Upcoming Inside Information Announcement
Trading Halt: MINMETALS LAND (00230.HK) has suspended trading on the Stock Exchange starting at 9:00 am today.
Reason for Halt: The suspension is pending the release of an announcement regarding certain inside information, in accordance with the Hong Kong Code on Takeovers and Mergers.
