Corporate Finance

Business News has created a comprehensive database of corporate transaction activity in Western Australia. This rich source of transaction data and news coverage covers Equity Capital Market (capital raisings) across the full spectrum of WA listed companies, from junior explorers through to major industrial and mining giants. It also includes details of Merger and Acquisition transactions covering a three-year period. Business News IQ allows you to explore not only the details of company transactions, but the corporate advisers, lawyers, accountants and public relations firms associated with these transactions. The information is gathered from sources including company annual reports, the ASX, ASIC and directly from the companies listed.

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Mark Pownall, Executive Editor, introducing the Corporate Finance initiative

Corporate Finance Activity

Corporate finance

Bidder

Chairman

Target

Chairman
Target's Asset
75% of the Transcoal Minergy Coal project

Transaction Details

Announced
04 Jun 2015
Transaction Type
Asset Acquisition
Status
Live
Total Value
$28,800,000
Detail
Universal Coal Resources will wholly acquire Pan Asia’s Singaporean subsidiary, which owns a 75 per cent stake in the coal project, located in Indonesia. Pan Asia will receive shares in Universal to the value of $28.8 million at the IPO issue price.

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