Northern Minerals: Further Disposal Orders Issued by Treasurer
Key points
- Treasurer issues new disposal orders for 1,678,895,780 NTU shares
- Orders affect various foreign entities holding interests in NTU
- Company is reviewing the new disposal orders
Full summary
Northern Minerals Limited (ASX: NTU) announced that the Treasurer has exercised the power under the Foreign Acquisitions and Takeovers Act 1975 to issue further disposal orders against several entities holding interests in NTU shares. The new orders affect 1,678,895,780 shares held by foreign persons, including Hong Kong Ying Tak Limited, Real International Resources Limited, Qogir Trading & Service Co., Limited, Chuanyou Cong, Vastness Investment Group Limited, and Zhongxiong Lin. These entities are required to dispose of their shares within 14 days. The company is currently considering the implications of these new disposal orders and will make a further announcement once it has done so.
Guidance
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Outlook
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