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A notice from Sin-Tang on Friday showed that during last week, it lifted its stake in Sphere from 8.48 per cent to 10.77 per cent by purchasing 3,914,642 shares on-market at an average price of $2.53.
Sin-Tang yesterday approached Sphere with a plan to underwrite an $111m equity raising at $3.25 a share and arrange $US350m ($345m) in debt funding to finance Sphere ...
“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 ...
SPHERE Minerals Ltd has rejected a funding proposal from shareholder Sin-Tang Development Pte Ltd that could allow it to raise its stake in the iron ore explorer to around 30 per cent without ...
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