Dongshan Investments Limited - Takeover bid for Cardinal Resources Limited

Dongshan Investments Limited - Takeover bid for Cardinal Resources Limited

PR Newswire

DUBAI, Dec. 30, 2020

DUBAI, Dec. 30, 2020 /PRNewswire/ -- Dongshan Investments Limited (Dongshan) today announced that subsequent to Shandong Gold Mining (HongKong) Co. Ltd announcing that it has acquired a relevant interest in more than 50% of all Cardinal Resources Limited (Cardinal) shares, the minimum acceptance condition in Dongshan's proposed takeover bid for Cardinal could not be satisfied. As a result, Dongshan has considered its minimum acceptance condition and has decided that it does not wish to:

Dongshan will be seeking the Australian Securities and Investments Commission's confirmation that it does not need to proceed with the takeover bid as announced. 

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