SolGold soars after rejecting Jiangxi Copper Company's takeover proposal

SolGold

28/11/2025 14:53

** Shares of Australia-based exploration co SolGold SOLG.L up 11.6% at 29.2p, highest since June 2022

** Co rejects new takeover proposal from Jiangxi Copper Company (JCC)

** Says prelim, conditional non-binding proposal by JCC at 26p per share for SolGold

** Proposal follows an earlier non-binding proposal from JCC which was unanimously rejected by SolGold Board on Nov 23

** SolGold's board advises shareholders to take no action on the offer

** Including session's move, stock up ~316% YTD

 (Reporting by Ankita Bora by Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))