Abterra -- Good deal ?

Just read the article this morning. Sounds a wonderful deal, almost too good to be true, especially if you compare the Noble Group acquisition of Gloucester Coal to this one. Any comments? :laugh:

Just realised I made a mistake. The reserves should be 50m tons as highlighted in the announcement. I must be dreaming of 60m tons

The correct comparison table: If the reserves are real, then Abterra really got a good deal.

AUG 25: The Board of Directors of Abterra Ltd (Abterra or the Company) would like to inform the public and its shareholders that the Company is contemplating the possibility of seeking a dual primary listing of its ordinary shares (\"Shares\") on the main board of The Stock Exchange of Hong Kong Limited (\"SEHK\")(\"Proposed HK Listing\").

The Directors of the Company are of the view that it is beneficial for the Company to have dual primary listing status in both Singapore and Hong Kong as the stock markets in Singapore and Hong Kong attract different investor profiles.

The Proposed HK Listing will allow the Company, who is involved in the trading and mining of natural resources to gain access to two different equity markets in Singapore and Hong Kong respectively when the opportunity arises. It will thereby widen the investor base of the Company, increase the liquidity of the Shares and enhance the reputation of the Company in the greater China region.

As at the date of this announcement, the Company is still in the process of appointing the relevant professional parties to commence preparatory work for the Proposed HK Listing. As such, no application has been made to the SEHK for the listing of, and permission to deal in, the Shares, on the main board of the SEHK.

Interesting article on Abterra\'s future prospects: