Oakbay Investments sets the record straight on Optimum Coal Transaction
20 October 2016
Yesterday, Oakbay received questions from media who speculated that the Business Rescue Practitioners for Optimum Coal Mine (“OCM”) may have alleged that a pre-payment made by Eskom was inappropriately used to fund part of the consideration for the acquisition of the shares of the seven target companies which at the time belonged to Optimum Coal Holdings (“OCH”).
This is yet another inherently flawed attempt by media to create a sensational story out of nothing.
Oakbay details the facts below, which are very simple.
- The contents of the queries are wrong and factually incorrect