Aug 7 (Reuters) - Australia's Nickel Industries (NIC) said on Monday it would hold a meeting of its shareholders in September, seeking approval for a A$943 million ($620 million) share placement to a unit of Indonesia's PT United Tractors Tbk UNTR.JK .
In June, the nickel miner entered a share-sale deal to issue about 20% of its shares to PT Danusa Tambang Nusantara, a unit of United Tractors, at an issue price of A$1.10 per share.
United Tractors is an indirect unit of Singaporean investment holding firm Jardine Cycle & Carriage Ltd JCYC.SI .
The extraordinary general meeting of shareholders will be convened on Sept. 8, the company said.
($1 = 1.5209 Australian dollars)
News: NIC Australia's Nickel Industries to seek shareholder nod for $620 mln share placement
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70.0¢ |
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Mkt cap ! $3.038B | |||
| Open | High | Low | Value | Volume |
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