|
East Coast Rail
Magnetic Rail Group Pty Ltd is a rail freight company that hauls bulk coal in New South Wales and Queensland. It was incorporated on 1 November 2022 as an Private company limited by shares, Australian proprietary company, limited by shares. The company was formed as the corporate vehicle by which Magnetic Infrastructure Group Pty Ltd, an Australian incorporated 5050 joint venture ultimately owned by M Infrastructure Group Pty Ltd and PT Asian Bulk Logistics, would manage the former One Rail Australia coal haulage assets that it was in the process of acquiring. One Rail Australia had hauled about 30 per cent of Hunter Valley export coal volumes and since 2020 had expanded its operations into Queensland. In 2021, One Rail Australia agreed the terms of its purchase by rail freight operator Aurizon. Since the latter company was already a major operator in the Hunter Valley Coal Chain, Hunter Valley and Queensland coal haulage market, its acquisition of those as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
