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.

Straits shares surge on Thai coal offer Straits shares surge on Thai coal offer Straits shares surge on Thai coal offer Straits shares surge on Thai coal offer 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.

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