Linc Plans to Sell Shares to Investors in Shift to Singapore
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Linc Energy Ltd., the Australian company studying a gas-to-liquids venture in Russia with billionaire Roman Abramovich, said it plans to raise money selling shares in a move to Singapore’s stock exchange and flagged its intention to buy coal assets.
The company will seek shareholder approval next month to drop its listing in Sydney and request regulatory permission to trade in Singapore in a bid to attract investors and boost its value, Brisbane-based Linc said today in a statement. The company said it will keep its headquarters in Australia.