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Unionmet sheds light on rights puzzle

Substantial owner's entitlement scaled back to avoid triggering takeover

INDIUM manufacturer and trader Unionmet (Singapore) yesterday clarified that its substantial shareholder, Precious Stream Holdings (PSH), has had its rights entitlement scaled down from 87.9 million shares to 23.9 million, so as not to trigger a mandatory takeover of the company.

The move...

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