Asset Acquisitions and Disposals::Announcement Pursuant to Rule 706A of the SGX Listing Manual

Issuer & Securities

Issuer/ Manager
GOLDEN AGRI-RESOURCES LTD
Securities
GOLDEN AGRI-RESOURCES LTD - MU0117U00026 - E5H
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
29-Feb-2024 17:36:18
Status
New
Announcement Sub Title
Announcement Pursuant to Rule 706A of the SGX Listing Manual
Announcement Reference
SG240229OTHR7ZMF
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)
Pursuant to Rule 706A of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of Golden Agri-Resources Ltd ("GAR" and together with its subsidiaries, the "Group") wishes to announce the following:-

1. Golden Agri Resources Mexico S. de R.L. de C.V. ("GAR Mexico")

Incorporation of GAR Mexico, an indirect wholly-owned subsidiary of the Group established in Mexico with an initial subscribed and paid-up share capital of MXN$50,000 (equivalent to approximately US$2,950).

The principal activities of GAR Mexico are that of importing, trading and distribution of palm oil and oleochemical products.

2. Blue Sky Golden Energy Ltd

The Group has initiated the winding up process of Blue Sky Golden Energy Ltd, which is an inactive wholly-owned subsidiary incorporated in the Republic of Mauritius.

3. Victory Oleo Holding GmbH ("VOH") and its subsidiary, Golden Agri-Resources Germany GmbH ("GAR GE")

VOH and GAR GE, both indirect wholly-owned subsidiaries of the Group established in Germany, have been deleted from the commercial register in Germany following winding up.



Rafael Buhay Concepcion, Jr.
Director
GOLDEN AGRI-RESOURCES LTD
29 February 2024

Note: The amount in US$ equivalent using the exchange rate of 1 MXN = US$0.059