United Fiber Tech: Announced that it has entered into a $1.5b RTO agreement which would see the Co. refocusing on coal mining.
Firm announced it has agreed to acquire 66.9998% of PT Golden Energy Mines from PT Dian Swastatika Sentosa by way of exchange for new ordinary shares. United Fiber will issue around 44b new shares at $0.035 each, representing approximately 92.7663% of the enlarged issued share capital of the company. Proposed acquisition will result in a change in control of the Co.
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