MC Mining says no to ‘opportunistic’ takeover bid
On Thursday, MC Mining urged its minority shareholders to reject a proposal, which requires at least 82.2% of the shares in issue to go through
15 February 2024 - 16:22
Junior coal miner MC Mining has rebuffed a proposed buyout offer by a consortium of investors, labelling it opportunistic and saying it undervalues the potential of its assets.
A consortium of investors represented by Goldway Capital Investment already holds a collective 64% of the shares in MC Mining, which has a primary listing Australia, as well as secondary listings on the JSE and the UK’s Alternative Investment Market (AIM)...
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