Brief: Blackgold Natural Resources Says Entered Agreement To Buy Tengri Coal And Energy
27/05/2021 21:13
May 28 (Reuters) - Blackgold Natural Resources Ltd
BLAC.SI :
* ON 21 MAY, ENTERED SALE AND PURCHASE AGREEMENT TO BUY
TENGRI
COAL AND ENERGY PTE.
* AGGREGATE CONSIDERATION OF ACQUISITION S$1.0 BILLION
* ACQUISITION, IF UNDERTAKEN WILL RESULT IN A "REVERSE
TAKEOVER"
OF CO
* PROPOSED ACQUISITION WILL ENABLE GROUP TO DIVERSIFY AND
EXPAND
BEYOND SOUTHEAST ASIA
Source text for Eikon: urn:newsml:reuters.com:*:nSNZbVM0pf
Further company coverage: BLAC.SI
(Reuters.Briefs@thomsonreuters.com)
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