New Hope Corporation Limited
NHC: New Hope and Malabar to combine
New Hope Corporation Limited and Malabar Resources Limited have entered into a binding Scheme Implementation Deed for New Hope to acquire all outstanding Malabar shares via a scheme of arrangement. The all-scrip transaction, valued at approximately $1.8 billion for Malabar's equity, will create a combined entity with a pro forma market capitalization of ~$6.3 billion and a clear pathway to approximately 19Mtpa of saleable coal production. Both boards unanimously recommend the scheme, which is expected to be implemented by March 2027, offering Malabar shareholders liquid ASX-listed shares and New Hope full ownership of the Maxwell Mine.