Markets

SolGold Rejects Revised Takeover Approach From China's Jiangxi Copper

November 28, 2025 — 12:25 pm EST

Written by RTTNews.com for RTTNews->

(RTTNews) - SolGold has rejected a revised takeover offer from Jiangxi Copper Company, which offered 26 pence per share for the London-listed miner.

The bid, Jiangxi's second approach in a week, was unanimously rejected by SolGold's board, which said the offer undervalues the company and reaffirmed confidence in its standalone prospects.

Under UK takeover rules, Jiangxi now has until 5 p.m. on December 26 to either announce a firm intention to make an offer or walk away.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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