ECSI seeking approval for $2m resources buy

ECSI seeking approval for $2m resources buy

ECSI Limited (ASX:MBA) is seeking shareholder approval for a transaction that would involve the company changing its principal activities to coal coking.

The company has arranged to acquire 100% of Alphacoal Capital for $2 million, should shareholders approve the move.

ECSI, which currently has the right to participate in the rollout of China's National Alarm Response Program, said it was currently evaluating whether to pursue a future involvement in this rollout.

If the acquisition is approved, ECS stock will be suspended until the company complies with ASX listing rules regarding changes of activities.

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Tags Mergers and acquisitionsminingECSI LimitedASX:ECS

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