SFX 2.44% 20.0¢ sheffield resources limited

Ann: Trading Halt, page-68

  1. 2ic
    5,923 Posts.
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    Yansteel contribute $130M into a 50:50 JV, therefore $65M is SFX share of the cash equity in the JV vehicle, and $65M is Yansteel's share.

    SFX will be beneficial owners of 50% of TB and $65M cash.... which is to say they sold the other 50% of TB for $65M
 
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