New Hope Corp Ltd

NHC: XASX (AUS)
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New Hope: Buys Remaining 74% Stake in Coal Miner Malabar Resources

New Hope will buy the 74% of Malabar Resources it doesn't already own via a scheme of arrangement. Malabar shareholders other than New Hope will receive 0.5 New Hope shares for each Malabar share they hold, worth AUD 2.92 per Malabar share, using New Hope's closing price of AUD 5.84 on Oct. 16.

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