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Tigers Realm Coal Limited ( (AU:TIG) ) has issued an announcement.
Tigers Realm Coal Limited is in the process of selling its Russian subsidiaries to APM-Invest, but the transaction has faced significant delays due to new Russian legislation and the need for Presidential approval. The sale agreement is currently at an impasse due to disagreements over the sale price and increased costs, leading the company to explore alternative exit strategies. Additionally, the company’s securities have been suspended from trading on the ASX due to compliance issues related to the Australian Sanctions Regime and reporting delays.
More about Tigers Realm Coal Limited
Tigers Realm Coal Limited operates in the coal industry, focusing on mining and port operations. The company is engaged in the sale of its Russian subsidiaries, which are involved in coal mining activities.
Current Market Cap: A$39.2M
For an in-depth examination of TIG stock, go to TipRanks’ Overview page.