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An update from Tigers Realm Coal Limited ( (AU:TIG) ) is now available.
Tigers Realm Coal Limited is in the process of selling its Russian subsidiaries and their associated mining and port operations. The sale has encountered delays due to new Russian legislation and the need for presidential approval. The transaction has been split into two parts, with one part approved by a special commission but requiring a revised sale agreement due to a reduced selling price and increased exit tax. The buyer has not signed the amended agreement, leading to an impasse, and the company is exploring alternative exit strategies. Additionally, the company’s securities have been suspended from trading on the ASX due to compliance issues with the Australian Sanctions Regime, impacting the timely release of financial documents.
More about Tigers Realm Coal Limited
Tigers Realm Coal Limited is a company operating in the coal industry, focusing on mining and port operations. The company has been involved in the extraction and sale of coal, with a significant market presence in Russia.
Current Market Cap: A$39.2M
For an in-depth examination of TIG stock, go to TipRanks’ Overview page.