Golden Investments, which bought a 19.9% stake in Stanmore Coal in November and launched a full takeover bid at A$0.95 a share, said it held 25.5% of the Australian firm following the closure of its bid on Tuesday.
(Jan 23): Singapore’s Golden Investments said on Wednesday that it will seek a board position at Australia’s Stanmore Coal as its biggest shareholder, despite the failure of a A$240 million ($232.8 million) takeover bid.
