SINGAPORE (July 13): Vibrant Group has acquired Blackgold International Holdings, a China-based thermal coal producer listed on the Australian Securities Exchange (ASX), for a consideration of A$36.6 million ($40 million).

Blackgold predominantly sells its thermal coal to power plant customers in China.

With the acquisition, it has become a wholly-owned subsidiary of the logistics, real estate and financial services group, and Blackgold’s existing management team will continue to lead the business, says Vibrant in a press release on Thursday.  

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