Asset Acquisitions and Disposals::Proposed S$1.88 Billion Acquisition of 66.9998% of PT Golden Energy Mines Tbk

Issuer & Securities

Issuer/ Manager
GOLDEN ENERGY AND RESOURCES LIMITED
Securities
GOLDEN ENERGY AND RESOURCESLTD - SG1AI1000008 - AUE
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
13-May-2015 17:31:24
Status
New
Announcement Sub Title
Proposed S$1.88 Billion Acquisition of 66.9998% of PT Golden Energy Mines Tbk
Announcement Reference
SG150513OTHRBDDM
Submitted By (Co./ Ind. Name)
Pauline Lee
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of Golden Energy and Resources Limited (fka United Fiber System Limited) (the "Company" and together with its subsidiaries, the "Group") would like to update Shareholders that an audited consolidated financial statements for the financial year ended 31 December 2014 ("FY2014") prepared in accordance with International Financial Reporting Standards ("IFRS") ("FY2014 IFRS Audited FS"), has been prepared for the purpose of preparing the Proforma Information of the Enlarged Group in connection with the 66.9998% acquisition of the total issued and paid-up share capital of PT Golden Energy Mines Tbk by the Company. There are no material differences between the accounting principles adopted by the Group in preparing the financial statements in accordance with IFRS and Singapore Financial Reporting Standards.

Copy of the aforesaid FY2014 IFRS Audited FS are annexed as "Appendix A" to this announcement.

By Order of the Board
Pauline Lee
Joint Company Secretary
13 May 2015

Attachments