Announced
Ascend Global Investment Fund to acquire Golden Energy Mines from Golden Energy and Resources for $50m.
Synopsis
Ascend Global Investment Fund agreed to acquire Golden Energy Mines, a coal mining and trading company, from Golden Energy and Resources, a coal producer company, for $50m. The transaction, according to GEAR, is to enable GEMS to meet the Free Float Requirement and resume trading of GEMS shares on the IDX.
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