ASIA

Royal raising

SINGAPORE-based Magnus Energy Group is investing $1 million in a start-up Sydney-based energy company Royal Energy, but it's not the end of a drought for new oil and gas initial public offers in Australia, with Royal intending to stay in private hands.

Royal is aiming to join Mosman Oil & Gas in the new South Taranaki energy project. The company was only established in June, and seeks to hold equity stakes in developed or near-production assets, primarily...

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