The Directors of CuDeco Limited (“CuDeco”) are pleased to announce that the company has entered into a Memorandum of Understanding (MOU) with CuDeco’s largest shareholder, Hong Kong based, China Oceanwide International Investment Co. Ltd, (“Oceanwide”) whereby Oceanwide intends to increase its shareholding in CuDeco up to 19.9% subject to receiving FIRB approval for this increase in shareholding. The total consideration for the purchase of the shares is up to $A 30,000,000.
At what price ??? $1.25 ???
CDU Price at posting:
$1.34 Sentiment: None Disclosure: Held
