🕐01.07.11 - 08:27 Uhr

COAL LINK INVESTMENTS [-] - COAL LINK REJECTS TAKEOVER OFFER FOR QMASTOR (ASX: QML)





Fortbridge Media Release

Coal Link Investments [-] - Coal Link rejects takeover offer for QMASTOR (ASX: QML)

Coal Link Investments Pty Ltd, a major shareholder in mining software developer QMASTOR Limited (ASX: QML), has today rejected the off market takeover bid by US based Triple Point Technology Inc (TPT) for QMASTOR.

Coal Link Investments currently holds a 3.9% shareholding in QMASTOR.

Mr John Hughes said that TPT�s offer price of $0.23 per share is well below the investors own understanding of the value of one of Australia�s leading technology companies.

Coal Link Investments believe QMASTOR is well positioned to grow its business as a specialist software supplier to the mining, port, and power generation sectors in Australia.

QMASTOR also has the potential to build on this platform and penetrate key overseas markets at a time of high growth in these sectors, particularly in the area of bulk commodity logistics.

For further information, please contact:

Fortbridge Consulting
Bill Kemmery
0400 122 449

Peter-John Lewis
0416 290 604




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