VibroPower Completes Sale of Stake in Shanxi Weineng Coal Bed Methane Unit

MT Newswires

2024/11/05

VibroPower (SGX:BJD) has completed the sale of its entire stake in Shanxi Weineng Coal Bed Methane Development after securing necessary approvals and receiving payment as per the equity transfer agreement, according to a Monday filing on the Singapore Exchange.

The disposal received final approval from China's Ministry of Commerce and Industry on Nov. 4.

The Singapore-based power solutions firm confirmed that payments from the buyers were made by prior terms, finalizing the transaction.

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