In today’s briefing:
- Chiho (976 HK): Possible Restructuring May Trigger Offer
- Los Andes Copper: Insider Buying Continues and PFS in Next 60 Days
Chiho (976 HK): Possible Restructuring May Trigger Offer
- Metal recycler Chiho Environmental Group Limited (976 HK) was suspended this morning pursuant to Hong Kong’s Takeovers Code.
- For more than a year, the controlling shareholder group has been implementing a potential restructuring. The ultimate controlling shareholder is Tu Jianhua, an executive director of Chiho.
- This long drawn-out reorganisation may finally result in an Offer for Chiho.
Los Andes Copper: Insider Buying Continues and PFS in Next 60 Days
- Los Andes Copper, our preferred copper junior exploration company, will have an updated PFS out in the coming 60 days.
- Meanwhile, regular insider buying continues by Chief Executive Michael Jones.
- Los Andes Copper remains key M&A target for larger diversified miners.
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