Shareholders of Alita Resources seek answers amid 'forced takeover'

Singapore

SHAREHOLDERS of Alita Resources, formerly Alliance Mineral Assets, will see their investments go to zero, as Chinese interests seize control of the insolvent lithium miner.

But many questions have been left unaddressed as the Singapore-listed firm moves quickly to cut shareholders out of the picture - and some of these shareholders are mounting an effort to oppose the process.

One big question is whether Alita's board of directors may have breached continuous-disclosure requirements in the months before the firm ran out of cash.

Alita shares have been suspended from trading sin…