[miningmx.com] – CHINESE investment house, Heaven-Sent, has made a cash bid of R637m for Village Main Reef, equal to R12.25/share which represented a 46% premium over the mining firm’s 30-day average price, said BDLive.
The offer already has the support of 35% of shareholders excluding Bernard Swanepoel who through his investment firm To The Point has 4% of the shares and therefore cannot vote as he’s considered a related party.
“Heaven-Sent found Village to be the kind of vehicle with its gold and platinum assets they’d like to use to establish themselves in the South African market,’ said Village Main Reef CEO, Ferdi Dippenaar.
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