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Far East Gold Ltd (ASX:FEG)

ALERT: Price-sensitive ASX Announcement for FEG
Current share price for FEG : $0.135 0.045 (50%)+
Announcement
Release
28 May 2026 8:21AM
Price at Release
$0.090
Full Release
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Summary
Far East Gold Limited (ASX: FEG) has received an unsolicited takeover offer from Xingye Gold (Hong Kong) Mining Company Limited. The offer proposes to acquire all ordinary shares of FEG that Xingye Gold does not already own for A$0.13 per share. This offer was made without prior discussions between Xingye Gold and FEG. The board of FEG advises shareholders to take no action at this time as they are reviewing the offer with legal and financial advisers. Further information and a formal recommendation will be provided to shareholders in the Company's Target's Statement.
Key Points
  • FEG received a takeover bid from Xingye Gold.
  • The bid is for A$0.13 per share.
  • No prior discussions were held between FEG and Xingye Gold.
  • Shareholders advised to take no action at present.
  • FEG's board is reviewing the offer with advisers.
  • A formal recommendation will be issued in the Target's Statement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.