Australian Future Energy, an Australian incorporated privately-owned energy company, has agreed on the details of a merger with Synthesis Energy Systems, a co-founder and 35% shareholder in AFE. As a result of the transaction, AFE will become a wholly-owned subsidiary of SES, with AFE having the majority of Board and Management positions in the new company.
Investor Insight by Cannings Purple is an online news service dedicated to providing investors and media with the latest insights and market trends. Investor Insight consists of company news, industry movements and key information on the Australian Stock Exchange (ASX).
Subscribe today to stay in touch with the latest.