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Published Fri, Dec 10, 2021 · 09:50 PM
Golden Energy and Resources
MAINBOARD-LISTED Golden Energy and Resources plans to consolidate its stake in the majority owner of a key Australian subsidiary, for US$30 million, by buying out a third party's 20.3 per cent interest in a company that owns 75.3 per cent of Australia-listed coal producer Stanmore Resources.
The deal is not expected to have any material impact on earnings per share, but is expected to decrease its consolidated net tangible assets by 6.4 per cent for the year to Dec 31, the board said on Friday (Dec 10).
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