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PR Newswire
04-10-2013, 09:48 PM
The proposal is scraped by a negative response on its share price.
Reference: http://infopub.sgx.com/FileOpen/Blumont_...eID=258700
Blumont Group Ltd. (博诺有限公司) (the “Company”) refers to its announcement dated 4 October 2013 (the “Initial Announcement”) on its proposed transactions (the “Transactions”) involving a foreign-listed coal mining company. Terms defined in the Initial Announcement shall bear the same meaning in this announcement unless otherwise defined here.
The Company wishes to inform Shareholders that the coal mining company in question is Cokal Limited (“Cokal”), a company listed on the Australian Securities Exchange (ASX: CKA).
The Company’s share trading prices this morning have materially and adversely affected the commercial terms discussed with Cokal. In light thereof, the Company and Cokal have agreed not to proceed with the Transactions for the time being. The Company and Cokal continue to believe in the strategic merit underpinning the proposed Transactions, and are continuing to explore opportunities for similarly mutually-beneficial transactions with each other. Shareholders should note that there is no certainty that such transactions will be agreed upon and entered into. The Company will update Shareholders and make appropriate announcements at the relevant time
Reference: http://infopub.sgx.com/FileOpen/Blumont_...eID=258700
Blumont Group Ltd. (博诺有限公司) (the “Company”) refers to its announcement dated 4 October 2013 (the “Initial Announcement”) on its proposed transactions (the “Transactions”) involving a foreign-listed coal mining company. Terms defined in the Initial Announcement shall bear the same meaning in this announcement unless otherwise defined here.
The Company wishes to inform Shareholders that the coal mining company in question is Cokal Limited (“Cokal”), a company listed on the Australian Securities Exchange (ASX: CKA).
The Company’s share trading prices this morning have materially and adversely affected the commercial terms discussed with Cokal. In light thereof, the Company and Cokal have agreed not to proceed with the Transactions for the time being. The Company and Cokal continue to believe in the strategic merit underpinning the proposed Transactions, and are continuing to explore opportunities for similarly mutually-beneficial transactions with each other. Shareholders should note that there is no certainty that such transactions will be agreed upon and entered into. The Company will update Shareholders and make appropriate announcements at the relevant time
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
