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Molyneux scraps plan to buy Blumont shares

No reason provided; canned deal is fresh blow for firm

Wed, Apr 09, 2014 - 6:00 AM

Anita Gabrielanitag@sph.com.sg@AnitaGabrielBT

MINING investor Alexander Molyneux dropped plans to buy a stake in Blumont Group yesterday, six months after he stepped into the spotlight to defend the resource firm's prospects amid a massive beating suffered by its shares.

No reason was provided in the announcement to the Singapore...

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