Indophil extends Lion bid as shareholders fail to bite

INDOPHIL Resources has extended its takeover bid for investment house Lion Selection after only receiving 0.6% acceptances for its share offer.

Indophil extends Lion bid as shareholders fail to bite Indophil extends Lion bid as shareholders fail to bite Indophil extends Lion bid as shareholders fail to bite Indophil extends Lion bid as shareholders fail to bite Indophil extends Lion bid as shareholders fail to bite

In what is becoming one of the more complicated resource takeover battles, Indophil is staging a hostile play for investment house Lion Selection, which was a 17.76% Indophil shareholder.

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