Blumont to sell its entire 12.7% stake in Australia's Cokal

Blumont to sell its entire 12.7% stake in Australia's Cokal

Visual from Blumont's website

Singapore-listed Blumont Group Ltd has decided to sell its 12.74 per cent stake in Australia’s Cokal Limited. Blumont had bought shares in Australia-listed Cokal at A$0.16 apiece, and had paid a total of A$9.61 million (approximately S$11.35 million) for its equity holdings in the company, whose primary business is coal exploration.

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