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APAC Resources Announces Dispatch of Offer Document and Transaction Termination

Story Highlights
  • APAC Resources announces a conditional cash offer to acquire Dragon Mining shares.
  • The offer document details the offer’s timetable and terms, impacting APAC’s strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
APAC Resources Announces Dispatch of Offer Document and Transaction Termination

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APAC Resources ( (HK:1104) ) has shared an announcement.

APAC Resources Limited, along with Allied Group Limited and Dragon Mining Limited, has announced the dispatch of an offer document related to a conditional voluntary cash offer by Morton Securities Limited on behalf of Wah Cheong Development Limited to acquire all issued shares of Dragon Mining Limited. The offer document outlines the details, expected timetable, and terms of the offer, which began on June 2, 2025. The announcement also includes the withdrawal of an offer by Allied Properties Resources Limited and the termination of a possible major transaction for APAC Resources Limited, potentially impacting the company’s strategic positioning and stakeholder interests.

More about APAC Resources

YTD Price Performance: 27.08%

Average Trading Volume: 398,795

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.72B

For detailed information about 1104 stock, go to TipRanks’ Stock Analysis page.

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