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ASF Group Limited (ASX:AFA)

ALERT: Price-sensitive ASX Announcement for AFA
Current share price for AFA : $0.065 0.001 (1.56%)+
Announcement
Release
1 Jun 2026 9:44AM
Price at Release
$0.064
Full Release
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Summary
ASF Group Limited announced the completion of a strategic divestment of its coking coal assets through a Share Sale and Purchase Agreement with Terra Mineral Resources Investment Limited. The agreement entails Terra Mineral acquiring all issued shares in ASF Coking Coal Pty Ltd for A$3.08 million. ASF Coking Coal Pty Ltd, a non-core subsidiary, manages a portfolio of nine coal tenements in Queensland. This divestment allows ASF to focus on core assets and new investment opportunities, aligning with its strategy of optimizing shareholder value and enhancing working capital. ASF Group Limited, with over 40 years of global investment expertise, sees this transaction as a positive step towards future growth initiatives.
Key Points
  • ASF Group Limited has completed a strategic divestment of its coking coal assets.
  • A Share Sale and Purchase Agreement was finalized with Terra Mineral Resources Investment Limited.
  • The agreement involves Terra Mineral acquiring all issued shares in ASF Coking Coal Pty Ltd for A$3.08 million.
  • ASF Coking Coal Pty Ltd holds a portfolio of nine coal tenements in Queensland.
  • The divestment is considered a strategic move to focus on core assets and new investment opportunities.
  • ASF Group Limited specializes in global investment opportunities and has a history of over 40 years.
  • The transaction aims to enhance shareholder value and strengthen working capital.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.