SolGold shares fall after Jiangxi Copper proposes revised takeover bid

SolGold

12/12/2025 12:35

** Shares of Australia-based exploration co SolGold SOLG.L down 8.3% at 25.8p

** China's Jiangxi Copper 600362.SS raised its potential takeover offer to 28 pence per share from 26 pence per share, a discount of 0.71% from co's close of 28.2p on Thurs

**SOLG's board intends to recommend the updated proposal, which values the company at about 842 million pounds, if Jiangxi tables a firm offer on the same terms

** YTD, stock had almost quadrupled

($1 = 0.7474 pounds)

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))