Bursa Announcements
Date : 17 March 2011
OTHERS: PROPOSED DISPOSAL OF THE COMPANY’S INTEREST IN ASIATIC COAL PRIVATE LIMITED
| MALAYSIA SMELTING CORPORATION BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED DISPOSAL OF THE COMPANY’S INTEREST IN ASIATIC COAL PRIVATE LIMITED |
The Board of Directors would like to announce that Malaysia Smelting Corporation Berhad (“MSC”) has today entered into a Share Sale Agreement (“SSA “)for the disposal of its 30% shareholding in Asiatic Coal Pte Limited (“ACPL”) with Taurus Capital Limited (“Purchaser”) which holds 40% shareholding in ACPL. The Company’s 76.91% subsidiary, Australia Oriental Minerals NL (“AOM”) has also executed the agreement to dispose of its 30% shareholding in ACPL. ACPL, through its Indonesian subsidiary, has exclusive rights over a coal mining concession at Muara Teweh in Central Kalimantan, Indonesia. The full text of the announcement is attached hereunder. This announcement is dated 17 March 2011. | |
Announcement Info
| Company Name | MALAYSIA SMELTING CORPORATION BERHAD |
| Stock Name | MSC |
| Date Announced | 17 Mar 2011 |
| Category | General Announcement |
| Reference No | MS-110317-67789 |
