Yintai Gold Co Withdraws Shanta Gold Takeover Interest
November 02 2022 - 4:55AM
Dow Jones News
By Ian Walker
Shanta Gold Ltd. said Wednesday that Yintai Gold Co., Ltd. no
longer plans to make an offer for the company.
The AIM-listed mining company said on Oct. 18 that it had
received takeover approaches from Shandong Gold Group Co., Yintai
Gold Co. and Chaarat Gold Holdings Ltd., and that it was in talks
with each of the parties.
The potential bidders have until Nov. 15 to either make an offer
or walk away under U.K. Takeover Panel rules.
Shanta Gold shares at 0817 GMT were down 0.65 pence, or 6.2%, at
9.85 pence.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 02, 2022 04:40 ET (08:40 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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