Linc Energy tumbles 10.5% as it seeks pastures new in SG

By Rev Hui
02 Oct 2013

Australian company Linc Energy saw its shares drop by 10.5% to A$1.26 after it announced on October 2 that it would be seeking shareholder approval to delist from the Australian Securities Exchange and list on the Singapore Exchange (SGX) instead.

Trading for Linc Energy’s shares is now halted, but an exchange filing on Wednesday attributed the suspension to the company's impending acquisition of coal mining assets in Queensland rather than the sharp fall in the share price.

A shareholder meeting has been scheduled for November 6 to discuss the ...

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