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    Bowen Coking Coal (ASX:BCB) completes sale of 10% stake in Broadmeadow East Mine

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    Bowen Coking Coal completed the sale of a 10% interest in the Broadmeadow East Mine to MPC Lenton, a subsidiary of Formosa Plastics Group.

    The transaction involved a cash consideration of $13 million, with US$7 million ($10.4 million) directed towards repaying a portion of Bowen Coking’s senior debt facility.

    The completion follows the achievement of necessary conditions, including approvals from the Foreign Investment Review Board and the State Minister for Resources.

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