Agritrade Resources $153 million acquisition of Merge Mining Holding

Overview:

• Agritrade Resources (ARL) has acquired 51% of Merge Mining Holding (MMHL) for $153 million.
• Merge Mining Holding is a subsidiary of Sino Island.
• MMHL holds three Indonesian coal mining companies.
• ARL subscribed for shares in MMHL and in return it was offered a combination of cash and consideration in the form of two types of convertible preference shares in ARL that will convert into ordinary shares in ARL tradeable on the Hong Kong Stock Exchange. 

Katrin Kostadinova - Data analyst