1st Jul 2015 09:10
LONDON (Alliance News) - Asia Coal Ventures Ltd on Wednesday said its USD200 million takeover bid for Asia Resource Minerals PLC has been declared wholly unconditional.
Asia Coal Ventures said it has now received acceptances from 68.2% of Asia Resource Minerals shareholders.
The deal took a step forward in June after Asia Coal managed to secure the support of the company and financier Nathaniel Rothschild, who holds a 17.2% stake in Asia Resource Minerals through his NR Holdings Ltd vehicle.
Asia Resource Minerals shares are currently suspended.
By Sam Unsted; [email protected]; @SamUAtAlliance
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