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MUI Properties to take 40.7% stake in Australian gold explorer Nex Metals

PETALING JAYA: MUI Properties Bhd’s wholly owned subsidiary Cesuco Trading Ltd, will be taking up a 40.73% stake in ASX-listed gold exploration company Nex Metals Explorations Ltd, following the conversion of a A$1.5 million secured convertible note. In a statement, MUI said Cesuco Trading, its Hong Kong-based investment company, had advised Nex Metals Explorations Ltd…

MUI Properties now owns 40.73pct of Australian gold miner

KUALA LUMPUR: MUI Properties Bhd wholly-owned Cesuco Trading Ltd (CTL) will convert an A$1.5 million secured convertible note in an Australian gold exploration company into ordinary shares. In its filing with Bursa Malaysia, MUI Properties said CTL, its Hong Kong-based investment company, had informed Nex Metals Explorations Ltd of its decision on the conversion. MUI…

MUI to own 40.73% of Australian gold exploration firm after exercising share conversion

KUALA LUMPUR (Nov 12): MUI Properties Bhd said its wholly-owned investment firm Cesuco Trading Ltd will be converting an A$1.5 million secured convertible note in an Australian gold exploration company into ordinary shares. Cesuco will convert the notes into 132.47 million ordinary shares of Nex Metals Explorations Ltd, representing 40.73% of the enlarged share capital…