Linc tumbles as it seeks pastures new in SGX
Brisbane-based Linc Energy saw its shares drop by 10.5% to A$1.26 after it announced on October 2 that it would be seeking approval to delist from the Australian Securities Exchange and list on the Singapore Exchange (SGX) instead.
A shareholder meeting has been scheduled for November 6 to discuss the proposed delisting and relisting. It hopes to have its shares admitted to the SGX by December 6.Linc Energy plans to raise new capital alongside the listing and will be using the proceeds to increase ...
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