MAINBOARD-LISTED Golden Energy and Resources has increased its shareholding in Australia-listed Stanmore Coal to 28.42 per cent from 25.85 per cent previously, it announced after market close on Wednesday.
Gear subsidiary Golden Investments had on Aug 19 purchased 6.6 million shares in Stanmore Coal, representing about 2.58 per cent of its share capital, in an off-market block transaction. The aggregate consideration of A$9.7 million was arrived at on a willing buyer willing seller basis, to be satisfied in cash and funded by Gear's internal resources.
An earlier takeover offer by Gear, at A$0.95 a share, ended in January with Gear having increased its stake to 25.5 per cent, up from the 19.9 per cent bought from Hong Kong's Greatgroup Investments in November 2018. Gear shares closed down 0.1 Singapore cent or 0.53 per cent at 18.9 Singapore cents ex-dividend on Wednesday before the announcement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy firms set deadline for Papua New Guinea gas projectAustralian firm Oil Search on Tuesday accused Papua New Guinea of backtracking on a deal to build a new liquefied natural gas project and set an ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
'Golden opportunity' to think about concessions: Pro-Beijing legislator tells Hong Kong leader after peaceful weekend ralliesHONG KONG: Pro-establishment legislator Michael Tien on Tuesday (Aug 20) urged Hong Kong Chief Executive Carrie Lam to consider some of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
33 units at Parklane Shopping Mall up for sale with S$55.7m indicative pricePARKLANE Shopping Mall has 33 strata retail units located in the first level basement of the mall put up for sale via an expression of interest exercise, with an indicative value of S$55.7 million. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tasek takeover offer closes with Hong Leong Asia holding 88.16% stakeHONG Leong Asia's takeover offer for its Malaysian subsidiary Tasek closed at 5pm on Aug 19, with Hong Leong Asia holding an 88.16 per cent stake. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Energy firms set deadline for Papua New Guinea gas projectAustralian firm Oil Search on Tuesday accused Papua New Guinea of backtracking on a deal to build a new liquefied natural gas project and set an ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Getting batting order right key for England in Smith absenceThe absence through injury of leading Australia batsman Steve Smith gives England a golden chance to level the Ashes series in the third test at ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »