MELBOURNE: Singapore’s Golden Invest-ments said it will seek a board position at Australia’s Stanmore Coal Ltd as its biggest shareholder, despite the failure of a A$240mil (US$171mil) takeover bid.
Golden Investments, which bought a 19.9% stake in Stanmore Coal in November and launched a full takeover bid at 95 Australian cents a share, said it held 25.5% of the Australian firm following the closure of its bid on Tuesday.
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