Tigers Realm Coal Advances Russian Asset Sale

Tigers Realm Coal Limited (AU:TIG) has released an update.

Tigers Realm Coal Limited has announced the successful shareholder approval for the sale of its Russian operations, which includes its main operating entity and associated licenses and subsidiaries, for a total sum of US$49 million. The company is exploring a capital return to shareholders and considering its future on the ASX, including a potential delisting and wind-up. Shareholders will be kept informed as the company works to satisfy remaining conditions and finalize the transaction.

For further insights into AU:TIG stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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