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  • Volume: 764.2M
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TEE Intl0.100+0.010
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Nasdaq 8,222.8 -35.4
HSI 28,593.2 -26.4
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Jakarta 6,394.6 -7.3
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SSE Comp 2,931.7 -5.9
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ShenZhen B 975.3 -3.0
Taiwan W 10,828.5 -57.6
PSE Comp 0.0
KOSPI 2,072.9 -18.9

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News - Detailed News Story

Golden Agri-Res: Change - Change in Corporate Information :: New Associated Company

04 Apr 2019 19:19

Change - Change in Corporate Information :: New Associated Company

Issuer
Issuer/ Manager GOLDEN AGRI-RESOURCES LTD
Announcement Title Change - Change in Corporate Information
Date & Time of Broadcast Apr 4, 2019 19:19
Status New
Announcement Sub Title New Associated Company
Announcement Reference SG190404OTHRUZXY
Submitted By (Co./ Ind. Name) Kimberley Lye Chor Mei
Designation Director, Corporate Secretarial
Description (Please provide a detailed description of the event in the box below) The Board of Directors of Golden Agri-Resources Ltd ("GAR" and together with its subsidiaries, the "Group") wishes to announce the Group's subscription of 500,000 shares in the share capital of Temix Oleo S.r.l. ("Temix"), for a total consideration of EUR4,000,000 (equivalent to US$4,496,000) which was fully settled in cash from internal resources.

Temix is a limited liability company registered in Italy, which is principally engaged in the production of fatty acids and esters. Temix is also active in distribution of fatty alcohol and other chemicals.

Following the allotment of shares to the Group, Temix became a 25% associated company of the Group.


By Order of the Board
GOLDEN AGRI-RESOURCES LTD




Rafael Buhay Concepcion, Jr.
Director
4 April 2019


Note: The amount in USD equivalent using the exchange rate as at 3 April 2019 of EUR1 = USD1.124.
Place Of Incorporation
Existing Mauritius
Registered Address
Source: SGXNet
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