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Asia Coal Ltd Announces Memorandum Of Understanding


Monday, 30 Sep 2013 08:54am EDT 

Asia Coal Ltd announced that having considered the investment environment of the Proposed Acquisition, the Company, despite lengthy discussions with the Intended Seller, was unable to reach consensus on the terms for the Possible Acquisition. On September 30, 2013, the Board resolved not to proceed with the Proposed Acquisition. Accordingly, the Company has informed the Intended Seller that it has decided not to proceed with the Proposed Acquisition. The Intended Seller has refunded the Deposit to the Company in accordance with the terms of the MOU. 

Company Quote

0.146
0.0040 +2.82%
28 Nov 2014