[CPSI NewsAlert: Banpu Declares Hunnu Takeover Bid Unconditional]

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HUN now at A$1.795 after the announcement, 0.5c below offer price

Banpu Declares Hunnu Takeover Bid Unconditional

October 26 (Mogi) --

Banpu declares off-market takeover bids for Hunnu Coal (ASX:HUN) unconditional as it announces its interest in the company to have reached 50.18% of all shares.

The main terms and conditions now waved are reaching a minimum acceptance of 90% of all shares during the offer period and ASX 200 index not falling below 3,500.

Link to release

Disclosure: CPS Securities was a lead manager in Hunnu’s IPO

 

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CPS International is a marketing arm of CPS Securities in Mongolia. CPS Securities is a Perth, Western Australia based AFSL License Holder. To trade ASX and international stocks, feel free to contact me at mogi@cpsinternational.mn or +976-99996779.

 

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