Scrapped merger sees Lamboo shares halved

THE value of Lamboo Resources shares halved in value this morning after the company called off its $US150 million ($A176.5 million) merger with China Sciences Hengda Graphite.

Scrapped merger sees Lamboo shares halved Scrapped merger sees Lamboo shares halved Scrapped merger sees Lamboo shares halved Scrapped merger sees Lamboo shares halved Scrapped merger sees Lamboo shares halved

This occurred after Lamboo discovered Hengda didn’t fully own the equity it agreed to sell under the contract, and hadn’t fully disclosed details regarding its debt.

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