Zhaojin Capital (Hong Kong) declared its off-market takeover bid for Tietto Minerals (ASX:TIE) wholly unconditional, as all remaining defeating conditions have been resolved.
The bid for Tietto's fully paid ordinary shares is now free from regulatory approvals, minimum acceptance thresholds, and other prerequisites outlined in their bidder's statement and subsequent supplements.
The development signifies a step forward in the takeover process, indicating progress towards finalising the deal.
With Zhaojin Capital holding a 16.24% voting power in Tietto, the unconditional status of the takeover bid accelerates the transition phase for both parties.