New standard listing: ACG Acquisition seeks mining assets

Standard list shell ACG Acquisition Company Ltd is seeking a large acquisition in the metals and mining sector that could be valued at up to $2bn. There are a limited number of opportunities that have the attributes that the company is seeking.

Projects with metals involved in the production of electric vehicles and batteries are likely to be the main targets. There are limited suitable large targets.

The conversion of B shares into A shares and exercising warrants would significantly dilute the current A share capital.

The share price opened at $9.95 and ended the day at $9.875 ($9....

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