SUBSCRIBERS
Second time lucky for Golden Energy's takeover bid for Stanmore Coal
Add BT as a preferred sourcePublished Fri, Apr 3, 2020 · 09:50 PM
Singapore
COAL producer Golden Energy and Resources (Gear) has snagged a controlling stake in Stanmore Coal, a day after announcing a fresh takeover bid for the Australian firm.
Mainboard-listed Gear on Thursday made on-market purchases of 50.3 million Stanmore Coal shares at A$1 (S$0.86) apiece in cash from a range of institutional and other shareholders, it said on Friday.
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.
