Thursday, September 26, 2013

Sky One Holdings

Sky One Holdings: Extended the long-stop date of its proposed acquisition and disposal agreement to 30 Jun 2014. Recall, the proposed acquisition of Energy Prima via the issue of 1,600m new shares at $0.25/share would result in a RTO, transforming the group into a coal mining player. The proposed disposal is the sale of the company's existing transport and logistics business at a 10% discount to NAV to controlling shareholder and CEO, Dicky Suen. The non-binding MOU on the proposed acquisition and disposal was initially signed on 10 May 2012.

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