Boustead Buys 8.6% Stake in Miner OM Holdings for A$17.5 Million

Boustead Singapore Ltd. (BOCS) bought an 8.6 percent stake in Sydney-listed OM Holdings for A$17.5 million, according to a statement to the Singapore Exchange on Jan. 21. The purchase price of A$0.35 per share represents a discount of 5.2 percent to the 30-day volume weighted average price of OMH’s shares, the company said.

To contact the reporter on this story: Tanya Angerer in Singapore at tangerer@bloomberg.net

To contact the editor responsible for this story: Lars Klemming at lklemming@bloomberg.net

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