Fortbridge Media ReleaseCoal Link Investments [-] - Coal Link rejects takeover offer for QMASTOR (ASX: QML)Coal Link Investments Pty Ltd, a major shareholder in mining software developer QMASTOR Limited (ASX: QML), has today rejected the off market takeover bid by US based Triple Point Technology Inc (TPT) for QMASTOR.
Coal Link Investments currently holds a 3.9% shareholding in QMASTOR.
Mr John Hughes said that TPTs offer price of $0.23 per share is well below the investors own understanding of the value of one of Australias leading technology companies.
Coal Link Investments believe QMASTOR is well positioned to grow its business as a specialist software supplier to the mining, port, and power generation sectors in Australia.
QMASTOR also has the potential to build on this platform and penetrate key overseas markets at a time of high growth in these sectors, particularly in the area of bulk commodity logistics.
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