Golden Energy unit makes 2nd attempt to take over Stanmore Coal

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.