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Takeovers Panel Faces Challenge Over Maronan Metals’ $16M Placement
7:01pm on Tuesday 28th of October, 2025 AEDT
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Takeovers Panel Faces Challenge Over Maronan Metals’ $16M Placement
7:01pm on Tuesday 28th of October, 2025 AEDT
Key Points
Application lodged by Ben Pauley with the Takeovers Panel
Allegations of undisclosed links between placement recipients and joint lead manager
Concerns that placees may be suppressing share price to enable takeover
Request to defer share purchase plan and amend or cancel placement
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Maronan Metals (ASX:MMA)
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