Friday 29 Mar 2024
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SINGAPORE (June 5): India's Param Mitra Coal Resources (PMCR) is listing on the Singapore Exchange (SGX) through the reverse takeover of C&G Environmental Protection Holdings.

C&G Environmental Protection in S$400 mil RTO deal to transform into thermal coal miner

Under the RTO deal, PMCR will inject its assets, related to the coal mining, logistics and trading of thermal coal sourced from various coal mines in Indonesia, into C&G in exchange for S$400 million worth of new C&G shares at S$0.008182 each, based on C&G's current number of shares.

Shares in C&G last traded at S$0.01 on May 29.

PMCR, part of India's Param Mitra Group, is primarily focused on...(click on link for full story on theedgesingapore.com)

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