Discovery sinks amid Cathay Fortune's reduced bid

DISCOVERY Metals has appointed a new chairman as the company kicks off the search for a potential takeover suitor, with former bidder Cathay Fortune Corporation revisiting the chance for a swipe at the copper producer, albeit at a reduced price.

Discovery sinks amid Cathay Fortune's reduced bid Discovery sinks amid Cathay Fortune's reduced bid Discovery sinks amid Cathay Fortune's reduced bid Discovery sinks amid Cathay Fortune's reduced bid Discovery sinks amid Cathay Fortune's reduced bid

Emerging from a trading halt today, Discovery said the board had kicked off a process that could result in a “change of control of the company.

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