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UK Court Sanctions Jiangxi Copper's Acquisition of SolGold

MT Newswires·03/03/2026 00:01:17
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12:01 AM EST, 03/03/2026 (MT Newswires) -- SolGold (SOLG.L) said Monday the High Court of Justice of England and Wales sanctioned the sale of the company to Jiangxi Copper (Hong Kong) Investment, clearing another hurdle for the transaction. The merger scheme is expected to take effect on Wednesday, subject to the delivery of the court order to the Registrar of Companies. On the same date, shares of SolGold will cease trading on the main market of the London bourse. Formal delisting is expected by Thursday. The consideration for the transaction will be settled once the deal takes effect. Recipients are shareholders of the targeted exploration company as of Tuesday.