Sierra Rutile Holdings Limited (AU:SRX) has released an update.
Sierra Rutile Holdings Limited (SRL) has announced that GEMCORP Commodities Assets Holdings Limited and associated entities have ceased to be substantial shareholders in SRL after accepting an off-market takeover offer from Leonoil Company Limited. The disposal involved the transfer of 84,466,330 shares at a price of $0.18 per share. This marks a significant change in the ownership structure of Sierra Rutile Holdings, potentially impacting the company’s strategic direction and stock performance.
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