Confident Investing Starts Here:
Metals X Limited ( (AU:MLX) ) just unveiled an announcement.
Metals X Limited has announced a voluntary cash partial offer to acquire up to 382,480,000 shares of Greentech Technology International Limited, representing 28% of Greentech’s issued share capital, at a price of HK$0.35 per share. This strategic move aims to strengthen Metals X’s position in the market, as Greentech holds a 50% interest in the Bluestone Mines Tasmania Joint Venture, indirectly linking the two companies. The offer document has been released on the Hong Kong Stock Exchange, and a press conference will be held to discuss the details, indicating the company’s proactive approach to expanding its influence and operations.
The most recent analyst rating on (AU:MLX) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on Metals X Limited stock, see the AU:MLX Stock Forecast page.
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