Tietto Minerals Ltd (ASX:TIE)’s Post

We've released our Fourth Supplementary Target’s Statement in response to the unsolicited conditional off-market takeover bid by Zhaojin Capital (Hong Kong) Limited for all fully paid ordinary shares in Tietto not already owned by Zhaojin Capital. As set out in the 30 April 2024 Announcement, the Directors now consider that the risks associated with continuing to hold Tietto Shares outweigh the advantages of continuing to hold Tietto Shares, and now urge Tietto Shareholders to consider either ACCEPTING into the Offer, or otherwise selling their Tietto Shares on the ASX if the prevailing market price is not materially different to the Offer Price, without delay. Read the full ASX Announcement here: https://lnkd.in/gyphNr4Y #TIE #Tietto #ASX #ASXNews

Tietto's Directors have updated their recommendation regarding the takeover offer by Zhaojin Capital, and now recommend accepting the offer. The Board continues to believe the offer undervalued the company and was timed opportunistically. However, with Zhaojin now holding 42.51% of Tietto’s shares and the offer price increased to $0.68 per share, the Directors now unanimously urge shareholders to consider ACCEPTING into Zhaojin’s Offer, or selling their shares on-market if the prevailing market price is not materially different to the Offer price, without delay.   Read the full ASX Announcement here: https://lnkd.in/gSPajK7U

Zhaojin Capital has received sufficient acceptances totalling 74.85% for its off-market takeover offer for all of the issued shares in Tietto that Zhaojin does not already own to be able to control the composition of the Tietto Board.  Consequently, Tietto Directors now recommend accepting the takeover offer at $0.68/share or selling shares on-market if prices align. Read the full ASX Announcement here: https://bit.ly/3QByed8 #TIE #Tietto #miningnews #ASXNews

The off-market takeover offer made by Zhaojin Capital for all of the issued shares in Tietto that Zhaojin does not already own is scheduled to close at 7.00pm (Sydney time) on 14 May 2024 (unless further extended). Zhaojin’s Offer price of $0.68 per share has been declared best and final and cannot be increased, and the Offer is now unconditional. As at 10 May 2024, Zhaojin had voting power of approximately 80.01% of Tietto. Tietto Directors consider that the risks associated with continuing to hold Tietto shares outweigh the advantages, and urge Tietto shareholders to either: - 𝗔𝗖𝗖𝗘𝗣𝗧 into the Offer; or - otherwise sell their Tietto shares on the ASX if the prevailing market price is not materially different to the Offer price, without delay and in any event before the Offer closes in order to receive a certain cash price for their Tietto shares and avoid the risks associated with being a minority shareholder in Tietto. In particular, whilst Zhaojin has stated an intention to maintain Tietto’s listing on ASX (subject to Tietto's continued compliance with the ASX Listing Rules) should it not be entitled to proceed to compulsory acquisition of the remaining Tietto shares on issue, there is a risk that Tietto may fail to meet the requirements of ASX to remain a listed entity given that Zhaojin’s voting power in Tietto is now approaching 80%. Further, even if Tietto remains listed on ASX, the liquidity of Tietto shares on ASX is likely to be materially adversely affected by the level of Zhaojin’s ownership interest in Tietto.

The Mastermind’s Exit: A New Chapter for SJE’s Legacy https://ift.tt/CsiPOZx Mr. Nguyen Van Son has disclosed a transaction to serve his personal needs. Based on SJE’s closing share price of VND 25,600 per share on September 9, Mr. Son is expected to earn approximately VND 27 billion if the deal is completed. Mr. Nguyen Van Son Notably, Mr. Son has recently submitted his resignation from the position of SJE’s Board of Management for the 2024-2029 term due to personal reasons. On August 21, the Board approved his resignation and stated that they would report it at the upcoming General Meeting of Shareholders. Regarding share transactions, Mr. Pham Van Tien, Mr. Nguyen Van Son’s brother-in-law, reported that he had successfully sold all 1.15 million SJE shares, equivalent to 4.76% of the capital, and is no longer a shareholder of the Company. In fact, Mr. Tien faced some challenges in divesting his entire stake in SJE. In the first attempt (from July 11 to August 9), he was only able to sell 860,800 SJE shares (a success rate of 75%) due to not meeting his expected price. On August 16, Mr. Tien finally sold the remaining SJE shares. However, the share price of SJE has declined after reaching its highest level in nearly two years at VND 28,100 per share on August 9, an increase of nearly 32% compared to the beginning of the year. SJE Share Price Movement since the Beginning of 2024 In terms of business performance, in the first six months of 2024, SJE recorded net revenue of nearly VND 1,066 billion and a net profit of nearly VND 101 billion, up 362% and 414%, respectively, compared to the same period last year. The company attributed this performance to its efforts in accelerating capital recovery from the 500kV Quang Trach – Pho Noi power line projects, which led to increased revenue and improved profit margins. SJE’s 2024 Half-Year Profit is the Highest in its History On September 9, the SJE Board of Management approved the registration dossier for offering more than 18.1 million shares to the public through a rights issue to existing shareholders at a ratio of 4:3. With an offering price of VND 13,000 per share, the company is expected to raise nearly VND 236 billion for investment activities and debt repayment. If successful, SJE will also increase its charter capital from nearly VND 242 billion to nearly VND 423 billion. Te Manh The post The Mastermind’s Exit: A New Chapter for SJE’s Legacy appeared first on xe.today. via xe.today https://xe.today September 26, 2024 at 01:29PM

We wish to advise shareholders to 𝗧𝗔𝗞𝗘 𝗡𝗢 𝗔𝗖𝗧𝗜𝗢𝗡 regarding the revised unsolicited takeover offer received from Zhaojin Capital (Hong Kong) Limited. This includes the Revised Unsolicited Offer or any other documents that shareholders may receive from Zhaojin. Tietto's Board will evaluate Zhaojin’s Revised Unsolicited Offer and provide an updated recommendation to shareholders.   We note that the Revised Unsolicited Offer price of A$0.68 per Share remains below the valuation range of A$0.79 – A$0.93 per Share determined by Grant Thornton Corporate Finance Pty Ltd, the independent expert appointed to give an independent opinion on the Unsolicited Offer as part of our target’s statement dated 27 November 2023. The Tietto Board further notes that the spot gold price has increased materially since that valuation was conducted.   Read the full ASX Announcement here: https://bit.ly/3UeIAlw #TIE #Tietto #ASX #ASXnews

We're distributing our May report ahead of schedule, as one of our Canadian holdings – Nuvei Corp. – recently received a takeover offer, and we wanted to comment directly on it.   The proposed transaction highlights a couple of shortcomings within the Canadian market, while at the same time reaffirming our proactive approach to engaging with the companies in which we invest. Hopefully, this report will provide insight into another part of our investment philosophy and the current state of the Canadian equity market. #canadianmarket #markets #equitymarket #nuvei #finance #investing #wealthmanagement #dixonmitchellinsights

𝐈𝐧𝐟𝐨𝐫𝐭𝐚𝐫 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐢𝐭𝐬 𝐓𝐚𝐥𝐥𝐢𝐧𝐤 𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐭𝐨 68.47% Infortar AS's public and voluntary takeover offer to Tallink Grupp's shareholders was accepted by 21.71% of Tallink's shareholders. Infortar will invest EUR 88.8 million to purchase Tallink shares, increasing its stake in Tallink to 68.47%, while Tallink will remain listed on the stock exchange. In early July, Infortar submitted a public and voluntary takeover offer to Tallink's shareholders. As part of the offer, shareholders decided to sell Infortar a total of 161,395,930 shares, representing 21.67% of all shares. Infortar is financing the transaction with its liquid funds, and the purchase price will be paid to the participating shareholders on 9 August of this year. Tallink's operational and financial indicators will be consolidated and reflected in Infortar's next quarterly results. With this public takeover offer, Infortar is implementing its strategy described in the initial public offering and listing prospectus, according to which the group's strategy in the marine shipping business segment is to increase its stake in Tallink if Tallink's share price on the stock exchange is favourable and regulatory requirements allow it. https://lnkd.in/dVdmRj4b Photo © Dmitry Sumin

#1 Buyout of Sweden's Karnov Intensifies After Shareholders Reject Move At least 12% of Karnov Group AB's stock owners have publicly rejected a takeover approach for the Swedish legal and accounting company, stating that the offer of 84 kronor per share is too low. Blackmoor Investment Partners Ltd, a UK-based company owning about 1% of Karnov's shares, believes the 9 billion kronor valuation offer does not reflect the company's true potential. Karnov Group | M&A | Legal & Regulatory Solutions

The book-building process for International Packaging Films Limited's Initial Public Offer (IPO) has closed with an oversubscription of 1.41 times, the company announced today. Institutional investors and high-net-worth individuals responded enthusiastically, driving the strike price to Rs 25.2 per share, surpassing the floor price of Rs 21. The IPO aims to raise Rs 1.77 billion, highlighting Ipak's leading position as the country's largest flexible packaging film manufacturer. Investor demand exceeded the book-building size of Rs 1.47 billion at the floor price, indicating strong market interest. Public subscription for 25% of the offer size will open on May 15-16 at the strike price of Rs 25.2 per share.