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United States

Engenco Ltd (EGN.AX)

EGN.AX on Australia Stock Exchange

0.23AUD
24 Mar 2017
Change (% chg)

$-0.01 (-6.00%)
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Volume
133,131
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139,743
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Latest Key Developments (Source: Significant Developments)

Engenco says Greentrains entered into unconditional asset sale agreement
Thursday, 28 Apr 2016 03:00am EDT 

Engenco Ltd:Greentrains limited (Greentrains) has entered into an unconditional asset sale agreement.Deal to sell majority of locomotive fleet to parent entity of rail freight services company, Southern Shorthaul Railroad Pty Ltd.Says net proceeds of sale, is expected to exceed A$6 million.Proceed will be applied towards reducing the circa. A$17.8 million secured debt owed by greentrains to engenco's major shareholder.  Full Article

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