While doing a search on AEJ I came accross the following article.
Mergemarket reported on 1 September 2014 that according to an unnamed source, the South Korean company, Doosan Heavy Industries & Construction has submitted a bid for the power plant, Redbank Power Station near Singleton. The power station is being sold by Redbank Project, a wholly owned subsidiary of ASX-listed Redbank Energy. The power station went into receivership after talks on restructuring its A$192.7 million debt broke down when Redbank did not have enough cash to meet its creditors' 5 October 2013 repayment deadline.
If that is the case, why have we not heard anything???
AEJ Price at posting:
$8.00 Sentiment: Hold Disclosure: Held
