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Article: BRIEFING - ASIA INFRASTRUCTURE - MAY 22, 2009.
- Article from:
- AsiaPulse News
- Article date:
- May 22, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on infrastructure for May 22, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
280 MLN BRISCONNECTIONS SHARES TO BE SOLD AFTER DEFAULT
SYDNEY - Nearly 280 million Australian infrastructure Brisconnections securities (ASX:BCSCA) - more than 70 per cent of the group's issued capital - will be auctioned next month after they were defaulted following a second instalment date.
BrisConnections offered stapled units at A$3 (US$2.34) each when it floated last year, with A$1 payable upfront and two further A$1 payments due ...