i think that shougang will not launch a takeover bid. their intention is just to secure iron ore supply and to keep MGX safe. Now shougang + APAC control 40% of MGX. this is a big hurdle for anyone else to takeover MGX.
I am sure shougang won't sell even one share.
i think it's in fact a good news. Shougang should be a good backup for MGX. Business should be as usual, just in the share register, Gazmetalls change to Shougang.
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25 | 648585 | 0.300 |
6 | 183828 | 0.295 |
6 | 177294 | 0.290 |
Price($) | Vol. | No. |
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