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Allied Group Announces Offer for Dragon Mining Shares and Strategic Withdrawal

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Allied Group Announces Offer for Dragon Mining Shares and Strategic Withdrawal

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Allied Group ( (HK:0373) ) has issued an announcement.

Allied Group Limited has announced the dispatch of an offer document for a conditional voluntary cash offer by its subsidiary, Wah Cheong Development (B.V.I.) Limited, to acquire all issued shares of Dragon Mining Limited. The offer document outlines the details, terms, and expected timetable of the offer. Additionally, Allied Properties Resources Limited has withdrawn its offer and terminated a possible major transaction for APAC Resources Limited, indicating a strategic shift in their acquisition plans.

More about Allied Group

Allied Group Limited is a company incorporated in Hong Kong, operating in the financial and investment industry. It is involved in various transactions and offers, focusing on acquiring and managing assets and investments.

Average Trading Volume: 338,930

Technical Sentiment Signal: Hold

Current Market Cap: HK$5.45B

For an in-depth examination of 0373 stock, go to TipRanks’ Stock Analysis page.

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