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Tigers Realm Coal Faces Delays in Russian Operations Sale Amid Sanctions Compliance

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Tigers Realm Coal Faces Delays in Russian Operations Sale Amid Sanctions Compliance

Tigers Realm Coal Limited ( (AU:TIG) ) has shared an update.

Tigers Realm Coal Limited has been navigating the sale of its Russian operations to Limited Liability Company APM-Invest, with the process being delayed due to new Russian legislation affecting company exits. The company is also dealing with compliance issues related to the Australian Sanctions Regime, which has impacted its ability to provide financial documents on time. The completion of the sale is pending presidential approval, which once obtained, will allow the company to proceed with its financial filings.

More about Tigers Realm Coal Limited

Tigers Realm Coal Limited operates in the coal industry, focusing on the extraction and sale of coal resources. The company has been involved in operations within Russia, which are now being divested.

Current Market Cap: €27.69M

For a thorough assessment of TIG stock, go to TipRanks’ Stock Analysis page.

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