Unionmet

Unionmet: Latest announcement was 23 Dec where the company announced the completion of a restructuring exercise, where Unionmet is now the ultimate holding company of subsidiaries Union Zinc and Guanxi Intai Technology. This is the first completed restructuring exercise following a majority shareholder change. Recall that in July, Asia Capital Group (ACG) has purchased a 29% stake (1% shy of the 30% level which will trigger the mandatory general offer) Should such a scenario materialize by 23 Jan 2014, SGX rules mandate that the offer price will have to be tabled at a price not less than the $0.14 per share that ACG acquired for on 23 Jul.