Altura Plans to Spin-out its Coal Assets

  • Altura and partners plan for consolidation of coal assets into new Singapore based vehicle.
  • Newco intends to list on SGX-ST Catalist, the Sponsor-supervised listing platform of the Singapore Exchange Securities Trading Limited (“SGX-ST”).
  • New funds will be raised as part of the listing to allow for development of the Tabalong coal project in 2015, and to grow the new coal business.

 

Further details

Posted in 2014 ASX