Resources Global Development to Subscribe for SG$40 Million Worth of Shares in Coal Company; Shares Up 9%

MT Newswires
06/04

Resources Global Development (SGX:V7R) plans to subscribe to its pro-rata entitlement of around 111.8 million shares in Indonesia-listed PT Singaraja Putra (IDX:SINI) for around SG$40 million, according to a Wednesday filing with the Singapore Exchange.

Shares of the coal company were up over 9% in Thursday trading.

The company currently has a 15.49% stake in Singaraja through its subsidiary, Batubara Development.

The subscription exercise will enable Singaraja to raise the funds needed to acquire a majority stake in Kemilau Mulia Sakti and to repay existing debt.

The company will now look to convene an extraordinary general meeting to secure shareholder approval.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10