Peak Rare Earths (ASX:PEK) said a scheme of arrangement for the acquisition of the firm by Shenghe Resources (Singapore) was implemented, according to a Tuesday Australian bourse filing.
All Peak shares, other than those already owned by Shenghe, have been transferred to Shenghe for a scheme consideration of AU$0.443 per share.
An application will be made to remove Peak from the official list of the ASX.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.