CAPITAL MARKETS

Thai coal major jumps on to Hunnu

THAI energy giant Banpu, which acquired Centennial Coal last year, will become a 12.39% shareholder of Mongolian explorer Hunnu Coal through a $A45 million deal to purchase 30 million shares at $1.50 each – a 20.1% premium to Friday’s closing price.

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Thai coal major jumps on to Hunnu

Banpu also inked a strategic shareholder agreement with the Perth-based company, along with a memorandum of understanding to form a strategic partnership. Hunnu sees the move as a vote of confidence...

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