PSL

PSL: To divest its 80% stake in Antar Crane Services for $15m to JP Nelson Equipment. Antar Crane is in the business of providing and servicing cranes for construction and shipyard needs. Antar was valued at approx $20.1m and the consideration was approx a 6.5% disc. Co will book a 20% gain based on Antar's current net book value. Co intends to re-invest proceeds into the area of coal mining.