Golden Energy unit makes 2nd attempt to take over Stanmore Coal
Bid could cost offer vehicle - a JV of Golden Energy, Ascend Global Investment Fund - up to A$185m cash
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
MAINBOARD-LISTED Golden Energy and Resources (Gear) is making a second attempt at taking over Australia-listed Stanmore Coal, after its previous offer was rebuffed by shareholders of the coking-coal company.
Golden Investments (Australia) - a joint venture between Gear and Ascend Global Investment Fund - said it is making an unconditional cash offer for all the ordinary shares in Stanmore Coal it does not already own, at A$1 per share, according to a bourse filing on Thursday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
