Alinta Energy Group (ASX:AEJ), formerly known as Babcock & Brown Power, said it has received a number of indicative, non-binding, confidential bids while the power generator is in the process of the restructure of its finance facilities. These bids include bids for both whole of business and parts of the business.
Asian shares are expected to remain rising after a rebound in most markets yesterday. On Tuesday China's Shanghai Composite rose 0.5%, Taiwan's Taiex surged 2% and South Korea's Kospi added 1.1%. Hong Kong's Hang Seng Index gained 1.2% spurred by Swiss banking major UBS's return to profit.
Asian stocks mostly Friday moved higher at opening after the strong economic figures from the US boosted investor confidence. Today the focus will be on a series of economic data of China. The nation's key official figures on industrial production, CPI, and retail sales are due out later in the day.
AGL Energy (ASX:AGK) said it has sold the 132.3 MW Hallett 4 wind farm to a Japanese-led consortium, make up of Marubeni Corporation (TYO:8002), Osaka Gas (TYO:9532) and APA Group (ASX:APA), and expects to realise a development fee of A$88 million from the transaction.
The Australian stock market closed more than two per cent lower on Friday following weakness in United States markets caused by doubts over a rescue package for US car makers. The benchmark S&P/ASX200 index had fallen 87.6 points, or 2.43 per cent, to 3,510.4, while the broader All Ordinaries index lost 81.7 points, or 2.31 per cent, to 3,452.5. As the US Senate's rejected the $14-billion bailout for American automotive makers, the stock market is expected to continue moving downward on the negative news.
Central Petroleum Limited (ASX:CTP) Secures Further Contractor Services For 2008 Exploration Program
Central Petroleum Limited (ASX: CTP)("Central") is pleased to announce the securing of further services of various contractors and suppliers for its forthcoming 2008 exploration programme.
Aztec Resources Limited (ASX: AZR)(AIM: AZR), owner of the high grade Koolan Island Iron Ore Project, has received a significant boost to its funding and off-take prospects with one of Japan's largest trading companies, Marubeni Corporation ("Marubeni"), today signing a Letter of Intent for development funding and purchase of haematite iron ore.