Summary by Futu AI
Zhongxin Mining Co., Ltd. (Zhongxin Mining) announces that the acquisition of the capital of its indirect wholly-owned subsidiary has become completely unconditional. The Offer is for the acquisition of all outstanding Ordinary Shares of Tietto Minerals Limited. Venture Capital has issued a notice under the Companies Act announcing that the offer is no longer subject to certain conditions disclosed in the original announcement, including obtaining the necessary regulatory approvals and holding at least 50.1% of the shares of the target company, etc. As of April 15, 2024, the regulatory authorities in China and Cote d'Ivoire have waived the relevant approval conditions. Currently, the share capital of the fund is 16.24% of the voting rights in Tietto Minerals Limited. The offer will continue to be open until May 2, 2024, and the fund may or may not acquire at least 50.1% of the shares of the target company before the end of the contract. The Company will announce any further significant developments in this acquisition. Chairman of the Board Jiang Guipeng issued the notice on 24 April 2024.