Pak Tak International (HKG:2668) has extended a memorandum of understanding related to a potential acquisition of an interest in a gold project company in Tanzania, according to an April 17 Hong Kong bourse filing.
Shares of the firm were down nearly 6% in Monday morning trade.
The company said the memorandum has been extended by three months to July 19 as additional time is required for due diligence and negotiations.
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