Change - Change in Corporate Information::Disposal of Subsidiary, Maizuru Green Initiatives GK

Issuer

Issuer/ Manager
GOLDEN AGRI-RESOURCES LTD

Announcement Details

Announcement Title
Change - Change in Corporate Information
Date &Time of Broadcast
02-May-2019 17:17:56
Status
New
Announcement Sub Title
Disposal of Subsidiary, Maizuru Green Initiatives GK
Announcement Reference
SG190502OTHRRM0S
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 (the "Company" and together with its subsidiaries, the "Group") wishes to announce the disposal by the Group of 100% of the membership interests in the amount of JPY1,000,000 in Maizuru Green Initiatives GK ("MGI GK"), a company incorporated in Japan, for a total cash consideration of JPY1,000,000 (equivalent to US$8,980) (the "Disposal").

Following the Disposal, MGI GK ceased to be a subsidiary of the Company.


By Order of the Board
GOLDEN AGRI-RESOURCES LTD


Rafael Buhay Concepcion, Jr.
Director
2 May 2019

Note: The amount in USD equivalent using the exchange rate as at 30 April 2019 of JPY1 = USD0.00898.

Place Of Incorporation

Existing
Mauritius
New

Registered Address

Existing
New