ASIA

Bangchak to mop up Nido

NIDO Petroleum managing director Dr Mike Fischer says the future of the company’s Australian office and the jobs of about 20 workers are unclear after the its shareholder moved to compulsorily acquire outstanding shares, but the buyout appears to be the best move for all.

Bangchak to mop up Nido

Thai-based Bangchak Petroleum moved to issue notices to acquire the 3.03% of the company it does not own, with an offer of 10c per share, a significant premium to the 6.5cps the oiler sank into the company...

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