Release: Antam: Zhongjin receives shareholder approval for Tango?s recommended cash offer for Herald
Friday, April 18 2008 - 02:42 AM WIB
(18 April 2008)--Tango Mining Pte. Ltd., the Special Purpose Vehicle owned by PT Antam Tbk (?Antam?) and Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. (?Zhongjin?), formed for the takeover of Herald Resources Limited (?Herald?) welcomes the approval of Zhongjin?s shareholders for Tango?s recommended $2.50 per share cash Offer for Herald Resources (?Offer?).
Zhongjin Shareholders approved the Offer in a general meeting of shareholders as required by applicable Chinese securities laws and Zhongjin?s articles of association.
Tango also notes that approval from the National Development and Reform Commission of the People?s Republic of China (?NDRC?) has been granted in relation to Zhongjin?s involvement in the Offer.
Further shareholder and public authority approvals required include:
- Antam Shareholder approval;
- Further Chinese regulatory approvals; and
- Australian Foreign Investment Review Board (?FIRB?) approval. (end of edited release)
