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SMH reports Extract Resources (ASX:EXT) wants equality so that its shareholders have an ”effective benefit” of CGNPC’s offer.
SMH reports Extract Resources (ASX:EXT) wants equality so that its shareholders have an “effective benefit” of CGNPC’s offer.
The market news is quoted as saying:
Extract said its independent directors would announce their opinion on any proposal or offer for the company at the appropriate time. There is speculation that Rio Tinto could become involved in a shootout with the Chinese over control of Husab.