Singapore’s Sin-Tang Development said on Wednesday it would not sell its 8.48 per cent stake in Sphere. Sphere earlier this month quashed speculation that Sin-Tang was planning a rival proposal.

“Australian iron-ore developer Sphere Minerals Ltd has rejected a bid by closely held Sin-Tang Development Pte Ltd and recommended its shareholders accept Xstrata plc’s cash offer of A$514 ...

Sin-Tang Developments has purchased more shares in iron ore explorer Sphere Minerals in an on-market move sure to spark further speculation about its designs on the company. A change in ...