Sun, Oct 28, 2018 – 7:02 PM
CATALIST-LISTED gold miner Wilton Resources Corporation on Saturday announced a proposed restructuring exercise that would involve subsumingPT Renuka Coalindo Tbk, anIndonesia Stock Exchange listed company that deals in wholesale and export trading, especially in mining commodities.
This would take place largely through a share swap exercise between the companys subsidiaries, Wilton Resources Holdings (WRH) and PT Wilton Investment (PT WI), andRenuka.
WRH intends to enter aconditional standby buyer agreement with Renuka, which will appoint WRH to be the standby buyer in a rights issue exercise by Renuka.
WRH would be entitled to subscribe for new shares to be issued by Renuka in the rights issue, for about…
Read the full article at: https://www.businesstimes.com.sg/companies-markets/wilton-resources-corporation-proposes-restructuring-exercise