Brief: Boustead Singapore updates on proposed acquisition of energy asset in Indonesia

Boustead Singapore

09/12/2015 09:09

Dec 9 (Reuters) - Boustead Singapore Ltd  BTSS.SI : 
 * Says update on proposed acquisition of energy asset in Indonesia 
 * Says has become aware of an announcement released by Triangle Energy (Global) 
Ltd on 8 December 2015 
 * The consortium has not agreed with TEG on the mutual termination of the 
agreement 
 * TEG's directors have subsequently recommended that TEG's shareholders vote in 
favour of Pt Enso Asia's revised offer 
 * TEG's announcement states Pt Enso Asia revised its offer to teg with a firm 
purchase consideration of US$4.5 million 
 * "TEG's directors have regarded Pt Enso Asia's revised offer as superior to 
that offered by the consortium" 
 
  Source text for Eikon  ID:nSNZbkbWMf  
 
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