The company's wholly-owned subsidiary Locke Oil issued a cash acquisition offer to all shareholders of Tetis, which is listed on the Nasdaq Stockholm Stock Exchange, on September 13, 2024. The proposed acquisition aims to acquire no less than 90% of Tetis' shares, including the possibility of acquiring 100% of Tetis' shares, leading to the delisting of Tetis. The offer price for this acquisition is 58.70 Swedish Krona per share. As of the announcement date, the total number of issued shares of Tetis, minus the repurchased treasury shares, is 32.268927 million shares. Based on the aforementioned number of shares, the total consideration for this acquisition is 1.894 billion Swedish Krona, approximately 0.183 billion US dollars, around 1.302 billion RMB. Tetis is an oil exploration and production company. After this transaction is completed, Locke Oil's main business will expand to Oman, and the company's industrial layout in the Middle East will also be established.
海南矿业：子公司拟要约收购特提斯公司不低于90%股份，总对价约1.83亿美元
Hainan Mining: The subsidiary plans to make a tender offer to acquire no less than 90% of the shares of Tetis Company, with a total consideration of approximately 0.183 billion US dollars.
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