Summary by Futu AI
Zhaojin Mining Co., Ltd. ("Zhaojin Mining") completed the compulsory acquisition of all fully paid ordinary shares of Tietto Minerals Limited ("Target Company") on June 6, 2024 and will remove the Target Company from the official list of ASX. The acquisition began in October 2023, and after multiple announcement updates, when the tender offer ended on May 14, 2024, Zhaojin Capital (an indirect wholly-owned subsidiary of Zhaojin Mining) had obtained 90.72% of the voting rights of the Target Company. According to the Companies Act, Zhaojin Capital started the compulsory acquisition of the remaining shares on May 24, 2024, and the acquisition was announced completed by the chairman Jiang Guipeng on July 2, 2024.