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Change - Change in Corporate Information::(1) Increased Interest in Subsidiary; and (...

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Change - Change in Corporate Information::(1) Increased Interest in Subsidiary; and (2) Incorporation of Subsidiary

Issuer

Issuer/ Manager GOLDEN AGRI-RESOURCES LTD


Announcement Details

Announcement Title Change - Change in Corporate Information Date & Time of Broadcast 18-Mar-2015 19:30:40 Status New Announcement Sub Title (1) Increased Interest in Subsidiary; and (2) Incorporation of Subsidiary Announcement Reference SG150318OTHR6DI4 Submitted By (Co./ Ind. Name) Kimberley Lye Chor Mei Designation Director, Corporate Secretarial

The Board of Directors of Golden Agri-Resources Ltd ("GAR" and together with its subsidiaries, the "Group") wishes to announce the following:-
(1) Increased Interest in Subsidiary
GAR has increased its shareholding interest in subsidiary, PT Dian Ciptamas Agung ("DCA"), from 49% to 100% following the acquisition by the Group of 765 shares of nominal value of IDR1,000,000 each fully paid in the share capital of DCA, totaling IDR765,000,000 (equivalent to
USD61,200), at par value, and which was financed by internal resources.

Description (Please provide a detailed description of the event in the box below)

(2) Incorporation of Subsidiary
Incorporation by the Group of Sinarmas Natural Resources (Tianjin) Investment Co. Limited ("SNRT"), a company established in Hong Kong with an initial issued and paid-up capital of HKD1.00 comprising one share fully paid.
The principal activity of SNRT is that of investment holding.
By Order of the Board
GOLDEN AGRI-RESOURCES LTD
Rafael Buhay Concepcion, Jr. Director
18 March 2015

Place Of Incorporation

Existing New

Mauritius

Subsidiary

Existing New

N.A. Sinarmas Natural Resources (Tianjin) Investment Co. Limited

Registered Address

Existing New

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18/3/2015

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