Linc Energy enters SGX Mainboard
It has a market cap of $690m.
In a release, Singapore Exchange announced the listing of Linc Energy Ltd on Mainboard, under the stock code of
TI6.
Linc Energy is a diversified energy company with operating control of a global portfolio of conventional and unconventional oil, gas and coal assets. The company has offices and operations in various geographic locations including United States, Uzbekistan, Poland and Australia. - See more at:
http://sbr.com.sg/markets-investing/....tpMYceyf.dpuf
My Take: Linc Energy seems to have a good day one on the SGX up ~28%.
8,000,000 million shares traded at SGD= SGD$ 1.43 = ~AUD$1.28 a substantial price uplift from their last day open on the ASX at $0.995
ASX: LNC to be delisted.
New SGX (Singapore Stock Exchange) code is TI6. Trading began on the 18th-12-2013
It is tradeable on etrade's global platform.
http://sbr.com.sg/markets-investing/...-sgx-mainboard
I have posted quite a lot
about LINC over the past years and have a lot of interest in their novel, proven,
UCG-GTL technology.
This will be remembered as a
one of our Queensland Govt's great follies but will also provide a "model" for technology rich energy and mineral companies to migrate to where money coupled with foresight is.