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Mawarid gains control of UCL

ONLY a day after announcing an on-market takeover offer for UCL Resources, suitor Mawarid Mining has gained a controlling interest in the company.

Hannah Vickers
Mawarid gains control of UCL

The independent directors of UCL have recommended shareholders accept the offer. Omani-registered Mawarid has informed UCL that it now holds more than 50% of existing shares in the company and UCL’s...

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