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Elemental Minerals Ltd provides update on Dingyi Group Investment Ltd offer

Tuesday, 11 Mar 2014 08:55pm EDT 

Elemental Minerals Ltd:Refers to announcement of Feb. 21, regarding the review that has been requested by Dingyi Group Investment Ltd of the decision by The Stock Exchange of Hong Kong Limited (SEHK).The SEHK decided to classify Dingyi's off-market takeover offer for all of the fully-paid ordinary shares of Elemental (Dingyi Offer) as a 'reverse takeover' under the SEHK Listing Rules.Dingyi has confirmed that review hearing with SEHK listing committee was held on a confidential basis.No decision was made by SEHK listing committee at the hearing.Dingyi expects the SEHK listing committee to consider submissions made over coming days and issue written decision in short term at which time further announcement will be made. 

Company Quote

-0.0090 -4.89%
9:43pm EDT