Recent events
Recent events tied to this brand in public sources.
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2020
Shandong Gold raises its Cardinal Resources takeover offer to A$1 per share
Shandong Gold decided to continue its off-market takeover offer for Cardinal Resources and raise the offer price to A$1 per share. The decision followed a rival Nord Gold bid of A$0.90 per share.
2020
Shandong Gold Group and Bank of China sign strategic cooperation agreement
Shandong Gold Group and Bank of China signed a strategic cooperation agreement covering financial services, overseas mergers and acquisitions, and asset operations. The agreement provides Shandong Gold Group with a comprehensive credit line of 30 billion yuan.
2020
Shandong Gold raises its offer for Cardinal Resources
Shandong Gold Mining (Hong Kong), Shandong Gold's wholly owned overseas subsidiary, raised its offer to acquire Cardinal Resources shares to A$0.70 per share in response to Nord Gold's competing offer.
2020
Shandong Gold agrees to make a conditional offer for Cardinal Resources
Shandong Gold’s wholly owned overseas subsidiary, Shandong Gold (Hong Kong), signed an implementation agreement with Cardinal Resources. It plans to make a conditional off-market offer for Cardinal’s issued shares, seeking at least a 50.1% controlling stake and potentially more than 90%, subject to the offer conditions.
2020
Shandong Gold agrees to conditional offer for Cardinal Resources
Shandong Gold's wholly owned subsidiary Shandong Gold Hong Kong signed an offer implementation agreement with Cardinal Resources. It conditionally agreed to offer A$0.60 per share to acquire Cardinal shares and options, while separately agreeing to subscribe for 26 million shares; the offer and subscription were not conditional on each other's completion.
2020
Shandong Gold signed agreements to acquire TMAC Resources
Shandong Gold signed agreements to acquire TMAC Resources. The agreements provide for a subsidiary to subscribe for some newly issued shares and a newly established Canadian subsidiary to acquire the remaining shares for cash; the transaction was described as pending completion.
2020
Shandong Gold announces planned acquisition of TMAC Resources
Shandong Gold disclosed a plan to acquire 100% of Canadian-listed TMAC Resources for C$209 million and subscribe for newly issued shares worth C$21 million to provide operating funds during the transition to closing. TMAC's board unanimously approved the transaction.
2020
Shandong Gold signs agreement to acquire Tmac Resources
Shandong Gold and Tmac Resources signed agreements for Shandong Gold, through its subsidiaries, to acquire Tmac Resources. The agreements provide for a share subscription and a cash acquisition of the remaining equity; the transaction was not described as completed.