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Probably this TEC already very popular with the latest RTO scrap.
I guess you are correct .
Already anticcipate this for some time. It just won' t work out.
Is this supposed to be GOOD new?
BlackGold' s proposed reverse takeover falls through
Indonesian coal miner BlackGold Natural Resources' planned acquisition of Mongolian mining and energy firm Tengri Coal and Energy (TCE) has been scrapped.The seller, TCE' s sole shareholder, terminated the sale and purchase agreement as a share placement exercise was not completed by the deadline.
The deal, valued at S$1 billion, would have resulted in a reverse takeover of BlackGold.
Under the agreement signed with the seller MGL Development in May, BlackGold was to complete the placement of new shares for up to S$5 million by June 11. The deadline was later pushed to Aug 11, and both parties did not extend it again.
The completion of the placement exercise was a condition precedent to the completion of BlackGold' s acquisition of TCE.
BlackGold said that following the termination of the deal, it will continue to focus on its ongoing business activities and at the same time also source for other corporate, acquisition and/or financing opportunities.
Shares of BlackGold tumbled 6.3 per cent or 0.1 Singapore cent to close at 1.5 cents on Thursday, before the announcement.
TCE was previously the target in another potential reverse takeover last year. Catalist-listed balloon catheter specialist QT Vascular, seeking " a new lease of life" , had proposed to acquire the Mongolian company, but the transaction fell through because two conditions precedent were not met by the deadline.
No la. Will still be at ard 14-16. Nobody believes in the SPA also. U see the price also nvr run
peterwong321 ( Date: 12-Aug-2021 21:23) Posted:
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Going back 0.007 .......sell and run first
Wonder is the company and the S Lad group still on the card.
previously with qt vascular failed. now the same thing again.
PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF TENGRI COAL AND ENERGY PTE. LIMITED
&ndash TERMINATION OF THE SALE AND PURCHASE AGREEMENT
https://links.sgx.com/1.0.0/corporate-announcements/4INEMO6RG17LES0P/678581_BGNR%20-%20Update%20of%20Proposed%20Acquisition_Termination%20of%20SPA_20821_final_clean.pdf
PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF TENGRI COAL AND ENERGY PTE. LIMITED
&ndash TERMINATION OF THE SALE AND PURCHASE AGREEMENT
https://links.sgx.com/1.0.0/corporate-announcements/4INEMO6RG17LES0P/678581_BGNR%20-%20Update%20of%20Proposed%20Acquisition_Termination%20of%20SPA_20821_final_clean.pdf
When the name TEC appeared, you wouldn?t expect it to be real anyway..
Confirmed con job already with the previous pump and dump.
investment ( Date: 08-Aug-2021 18:27) Posted:
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Dealine 11 aug for placement shares and still no news.
coal selling like hot cakes right??? no movements here?
The company is supposed to make a placement soon as this is a precedent for the S& P by mid Aug.
Wonder if this is the reason for the movement today?
Wonder if this is the reason for the movement today?
Then S lad they didn't update the status whether have been cancel .I'm holding these stocks but maybe will sell off if this counter run for the next time.
I don?t think it will go through. Trying to place false hopes so retailer can bring the price up. But too bad. Retailers are not stupid anymore.
investment ( Date: 12-Jun-2021 07:01) Posted:
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Placement exercise delay to 11th Aug.
I think this RTO agreement will lapse sooner or later given
the previous 2 rto news.
I think this RTO agreement will lapse sooner or later given
the previous 2 rto news.
Target company has signed a earlier sales & purchase agreement with QT but fail. Will it fail again. Plse provide comment
It started moving a bit today and back to 18, though not big volumes yet. People re busy with other very active counters today
lp2000 ( Date: 01-Jun-2021 09:54) Posted:
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So perhpas will only stay around 18 today...
investment ( Date: 01-Jun-2021 09:03) Posted:
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