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Dongshan Investments Limited - Takeover bid for Cardinal Resources Limited

Dongshan Investments Limited - Takeover bid for Cardinal Resources Limited
DUBAI, Dec. 30, 2020 /PRNewswire/ Dongshan Investments Limited (
Dongshan) today announced that subsequent to Shandong Gold Mining (HongKong) Co. Ltd announcing that it has acquired a relevant interest in more than 50% of all Cardinal Resources Limited
(Cardinal) shares, the minimum acceptance condition in Dongshan s proposed takeover bid for Cardinal could not be satisfied. As a result, Dongshan has considered its minimum acceptance condition and has decided that it does not wish to:
waive its minimum acceptance condition; or
proceed with making of the takeover bid for Cardinal in accordance with its announced intention as it would be futile to do so given that the acceptance of offer under its takeover bid would not result in satisfaction of its minimum acceptance condition. ....

United Arab Emirates , Prnewswire Dongshan Investments Limited , Investments Commission , Shandong Gold Mining Hongkong Co , Cardinal Resources Limited , Investments Limited , Shandong Gold Mining , Australian Securities , ஒன்றுபட்டது அரபு அமீரகங்கள் , முதலீடுகள் தரகு , சாண்டோங் தங்கம் சுரங்க ஹாங்காங் இணை , கார்டினல் வளங்கள் வரையறுக்கப்பட்டவை , முதலீடுகள் வரையறுக்கப்பட்டவை , சாண்டோங் தங்கம் சுரங்க , ஆஸ்திரேலிய பத்திரங்கள் ,

Dongshan Investments announces intention to make A$1.20 cash takeover offer for Cardinal Resources

Dongshan Investments announces intention to make A$1.20 cash takeover offer for Cardinal Resources
DUBAI, United Arab Emirates, Dec. 24, 2020 /PRNewswire/ Dongshan Investments Limited ( Dongshan ) has today announced its intention to make an off-market takeover offer of A$1.20 per share ( Offer ) to acquire all of the ordinary shares in Cardinal Resources Limited ACN 147 325 620 ( Cardinal ).
Highlights
Intention to make an all-cash takeover offer of A$1.20.
Offer represents a 15% premium to the 3 (three) month Volume Weighted Average Price of 1.045A$ per Cardinal Share and a 12% premium to the maximum price offered under the current offer by Shandong (1.075A$ per Cardinal Share).
Conditions to the Offer will include financing, limited due diligence, and regulatory approvals (a full list of the conditions to the Offer is provided in Annexure 1 of this announcement). ....

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