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The latest announcement is out from Dragon Mining ( (HK:1712) ).
Dragon Mining Limited has announced the lapse of a conditional voluntary cash offer made by Wah Cheong Development (B.V.I.) Limited, an indirect subsidiary of Allied Group Limited, to acquire all issued shares of Dragon Mining. The offer, which required more than 50% acceptance to become unconditional, received only 0.34% acceptance, leading to its lapse on 8 August 2025. This development indicates a lack of sufficient shareholder support for the acquisition, potentially impacting the company’s market positioning and future strategic decisions.
More about Dragon Mining
Dragon Mining Limited, incorporated in Western Australia, operates in the mining industry with a focus on the extraction and production of mineral resources.
Average Trading Volume: 2,471,253
Technical Sentiment Signal: Buy
Current Market Cap: HK$619.7M
Find detailed analytics on 1712 stock on TipRanks’ Stock Analysis page.