EGN engenco limited
Add to My Watchlist 0.00% ! 30.5¢

News: EGN Engenco says Greentrains entered into unconditional asset sale agreement

  1. Hot News
    193,698 Posts.
    lightbulb Created with Sketch. 2825
    clock Created with Sketch.
    28/04/16
    17:00
    Post #: 17623370

    April 28 (Reuters) - Engenco Ltd (EGN) :

    • Greentrains limited (Greentrains) has entered into an unconditional asset sale agreement
    • Deal to sell majority of locomotive fleet to parent entity of rail freight services company, Southern Shorthaul Railroad Pty Ltd
    • Says net proceeds of sale, is expected to exceed A$6 million
    • Proceed will be applied towards reducing the circa. A$17.8 million secured debt owed by greentrains to engenco's major shareholder
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

RC1 Strategic JV to Expedite Gold Production & Major Tenement Expansion in Eastern Goldfields
right-arrow Created with Sketch.
NEWS Strategic REE-Antimony project acquisition in world class mountain pass district
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 021 – The inexplicable Kaili Resources rocket
right-arrow Created with Sketch.
NEWS Fortuna, Rokeby, more: The 10 HotList stocks HotCopper users were watching in Week 34
right-arrow Created with Sketch.
NEWS New antimony-gold and copper mineralisation identified at Reynolds Range
right-arrow Created with Sketch.
NEWS High priority gold drill targets identified at Bayan Springs South
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.