Tag: AWE Ltd

Energy World Corp & Future of Sengkang Energy Assets (2)

Shares of Energy World Corporation Ltd (EWC.AX) advanced 3.45% to A$0.3 Tuesday (Feb 13) on ASX to make a market capitalization of A$539 million. While operating gas-fired power plants in South Sulawesi with combined capacity of 315 MW, EWC is valued lower than AWE Ltd, which has just been acquired by Japan’s Mitsui Inc. It is only one-third of IDX-listed Cikarang Listrindo (POWR).

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Mitsui Wins AWE Ltd, Next?

Mitsui Co Ltd, a company with total assets of US$104 billion, has finally won the race to acquire ASX-listed AWE Ltd, which has 50% interest in the Ande Ande Lumut project in Natuna Sea, Indonesia. Mitsui informed ASX this morning that it has entered into a takeover bid implementation deed with AWE Ltd.

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Acquisition of AWE Ltd & Ande-Ande Lumut Project

Shares of Australia Worldwide Exploration (AWE) Ltd jumped 10.61% to A$0.73 this morning following an acquisition offer at A$0.8 per share by fellow ASX-listed company Mineral Resources Limited (MIN). At this price, AWE has market capitalization of A$442 million. MIN itself, meanwhile, inched up 0.17% only to make market capitalization of A$3.34 billion.

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