MARKETS

Linc a step closer in listing

LINC Energy shares have been suspended from trading in anticipation of a move to list on the Singapore Exchange Securities Trading, after the plan received shareholder approval.

Blair Price
Linc a step closer in listing

Shareholders voted at an extraordinary general meeting on November 6.

Shareholder nomination forms have now been sent to shareholders to get permission to list on the SGX.

The transition has still remains subject to regulatory and exchange approvals, which have not been received.

A spokesman told EnergyNews at the time it was announced that the move would give the company more access to funds on the Asian market.

“The proposed listing on the SGX will give Linc better exposure,” he said.

“Energy demand in Asia is very high.”

He said the company’s unique technology in underground coal gasification would be better off looking for money in Singapore than in Australia and the technology would work well in the energy-starved Asian market.

The spokesman stressed the move was not based on any shortcomings of the ASX, but to simply seek better conditions on another market.

Linc was reluctant to outline a timeline because of the fact it was reliant on approvals.

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