KRL 0.00% 14.5¢ kangaroo resources limited

In 2011 PT Bayan were able to get $60 per tonne for their coal....

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    In 2011 PT Bayan were able to get $60 per tonne for their coal. The agreement with White Energy was to supply coal until the end of 2012 at $40 per tonne. Bayan did not want to keep to the lower price and wanted to supply coal at $60 per tonne and wanted White Energy to buy out their 49% interest for $45 million. That's the basics of it.

    As we know, Kangaroo Resources are in no way directly affected by all this. It is only the freezing order of Bayan's 56.05% interest in the company and the possibility of a takeover bid that has brought this into the open

    Singapore International Commercial Court Suit No 1 of 2015
    BCBC Singapore Pte Ltd and anor v PT Bayan Resources TBK and anor [2017] SGHC(I) 06

    http://www.lawsociety.org.sg/jusnewsg/newsletter/201707/article13.aspx

    The final decision on the Tranche2 appeal by PT Bayan's subsidiary is expected at any time.

    BCBC SINGAPORE PTE LTD V PT BAYAN RESOURCES TBK [2016] SGHC(I) 01

    21 June 2016
    http://www.corrs.com.au/publication...e-ltd-v-pt-bayan-resources-tbk-2016-sghci-01/
    Last edited by Grebmoolb: 13/05/18
 
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