BlackGold gains 12.5% on proposed reverse takeover

Published Sat, Apr 10, 2021 · 05:50 AM

Singapore

SHARES of BlackGold Natural Resources rose 12.5 per cent on Friday, after the Catalist-listed company proposed to acquire Tengri Coal and Energy (TEC) for a tentative S$1 billion - to be adjusted following an independent valuation.

TEC owns the entire issued and paid-up share capital of Tengri Petrochemicals (TPL), which in turns owns the share capital of Tsaidam Energy.

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Companies & Markets

Companies & Markets

BlackGold gains 12.5% on proposed reverse takeover

KEYWORDS IN THIS ARTICLE

Companies & Markets

S&P slashes Boeing credit outlook as rating hovers above junk status

Honda to spend US$11 billion on EV strategy in Canada

GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology

Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336

Nasdaq’s profit falls as shaky economy keeps IPO revival elusive

iFast Q1 net profit surges on ePension unit performance

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