Australian-listed developer of the US Magnolia LNG appoints administrators as cash runs out
The Australian-listed developer of the US Magnolia LNG plant in Louisiana with an export accord to supply cargoes for Vietnam has run out of money and time after a takeover by a private firm from Singapore fell through, along with short-term financing arrangements.
US Magnolia LNG project to supply Vietnam has takeover bid withdrawn by Singapore private firm
The Australian-listed developer of the US Magnolia export plant in Louisiana with an agreement to supply cargoes to Vietnam said a Singapore-based private company has withdrawn a planned takeover bid.
US Magnolia LNG project to supply Vietnam has financial crunch as its takeover is delayed
The Australian-listed developer of the US Magnolia export plant in Louisiana with an agreement to supply cargoes to Vietnam said a takeover bid by a Singapore-based private company has been pushed back to mid-April, while its own temporary financing is not now forthcoming from a US equity and capital fund.
