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
13-Aug-2021 17:20:41
Status
New
Announcement Sub Title
Announcement Pursuant to Rule 706A of the SGX Listing Manual
Announcement Reference
SG210813OTHR08LX
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 in respect of the half-year ended 30 June 2021:

New Subsidiary, Golden Agri-Resources Colombia S.A.S. ("GAC")

Incorporation of GAC, a wholly-owned subsidiary of the Group established in the Republic of Colombia, with an initial subscribed and paid-up share capital of COP$45,000,000 (equivalent to approximately US$13,500) comprising 45,000,000 shares with a nominal value of COP$1 per share.

The principal activities of GAC are that of trading in sugar, crude palm oil and their related products; logistics and business/ management consultancy services.


By Order of the Board
GOLDEN AGRI-RESOURCES LTD




Rafael Buhay Concepcion, Jr.
Director
13 August 2021

Note: The amount in US$ equivalent using the exchange rate as at 12 August 2021 of COP$1 = US$0.0003