Rocklands Richfield executive chairman Pun Yan, or better known as Benny Wu, has extended his control of the company, lifting his shareholding to 51.1 per cent through the purchase of shares on-market totaling $71,388. The purchase comes as the coal miner terminated takeover talks with Indian company Jindal Steel and Power over unacceptable, and undefined, terms and conditions. It’s been rumoured that Jindal is outraged by the decision, and is seeking an explanation from Rocklands.
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