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CSR gets Chinese appoach for $1.5b sugar, energy unit

Tue 12/01/10 - 06:50:57 vs6
Bright Food Group, a Chinese company, has offered to buy the sugar and renewable energy unit of CSR for cash, sending shares of the Australian firm sharply higher. Bright Food values the unit at $1.5 billion, Bright Food said in an e-mailed statement today. CSR shares soared at the
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Tags : smh.com.au, spa, bloomberg, expression of interest, sugar business, demerger, title.energy unit, energy unit, glass business, energy businesses, materials company, local trading, csr, conglomerate, food industry, stock exchange, products operations, yuan

Putting some of the fun back into Funtastic

Tue 10/11/09 - 11:53:57 vs6
FUNTASTIC hasn't lived up to its name. The toy importer and distributor went public nine years ago, appreciated sixfold to $2.75, but then fell in one almighty hole, losing a mind-numbing $95 million over the past 18 months. The scrip fell as low as 11ยข. But things are changing; there..
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Tags : smh.com.au, TIC, RON, title.Put, FUNTASTIC, toy importer, toy giant, master toy, excess debt, international divisions, glass business, toy business, peak levels, hotel owner, rebirthing, scrip, shareholding, new management

CSR posts $156m first-half loss | Business Breaking News | News.com.au

Mon 26/10/09 - 04:09:34 vs6
CSR also announced a $375 million equity raising to facilitate a demerger of its sugar business. Due diligence on the demerger proposal is well advanced and has confirmed that the process will increase shareholder value, the company said. CSR booked an impairment of $250 million in the
Tags : news.com.au, EBIT, earnings, commercial construction markets, excluding significant items, sugar business, glass business, sugar price, leading indicators, depreciation, previous year, decline, 6 million, six months, second half, 1 million, guidance

CSR raises capital, posts loss

Mon 26/10/09 - 03:53:00 vs6
Monday October 26, 2009, 2:02 pm The company says it is now in the last stages of due diligence over the de-merger, which will see the building materials division retain the name CSR , but the sugar and renewable energy business re-branded, except for its retail sugar
Tags : au.biz.yahoo.com, renewable energy business, glass business, sugar refining, sugar prices, slowdown, commercial construction, dividend, stake, 6 million, earnings, guidance, investors

Share offer sweetens sugar spin-off: CSR

Mon 26/10/09 - 03:52:44 vs6
Monday October 26, 2009, 4:07 pm CSR Ltd has begun positioning itself for its planned demerger next year by raising $375 million in fresh equity capital to ensure its building products and sugar arms won't be weighed down by debt when they separate. The company has also
Tags : au.biz.yahoo.com, EBIT, renewable energy company, demerger proposal, equity side, sugar business, daughter companies, sustainable balance, glass business, correct balance, sugar refining, slight improvement, products business, balance sheets, balance sheet, joint venture, stake, journalists, 6 million