SOME shareholders of Lion Asiapac want the company to pay out some of its $190 million cash hoard as a special dividend to boost the share price, which is trading a third below the company's cash value.
THE board of Polaris Metals NL - which Singapore-listed Lion Asiapac and Australia's Mineral Resources are competing to take over - signalled that Lion Asiapac's offer is not overtly better than Mineral Resources' bid.
A JOINT-venture company of Lion Asiapac and its major shareholder has launched a A$78.6 million (S$97 million) takeover for Australian-listed mining company Polaris Metals, trumping a bid by another Australian miner.
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