CAPITAL MARKETS

Straits shares surge on Thai coal offer

STRAITS Resources has abandoned its plan to spin off its Indonesian coal arm and welcomed a $A544.1 million takeover offer of SRL Coal by Thailand’s PTT Mining Limited.

Blair Price
Straits shares surge on Thai coal offer

PTTML has agreed to pay a price of $1.72 per share to Straits Resources shareholders and both parties have struck a scheme implementation agreement. Once Straits has completed its planned demerger...

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