Asset Acquisitions and Disposals::New Associated Company

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-Jan-2015 18:00:28
Status
New
Announcement Sub Title
New Associated Company
Announcement Reference
SG150113OTHRERDC
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 acquisition by the Group of 10,250 shares each with a par value of IDR1,000,000 representing 28.08% of the shares in PT Duta Anugerah Indah ("DAI"), a company established in the Republic of Indonesia, for a total consideration of IDR10,250,000,000, fully settled in cash from internal resources (the "Acquisition").

Following the Acquisition, DAI became an associated company of the Group.

The principal activity of DAI is that of Television Broadcasting which focuses on education and in the humanitarian field, which is part of the Group's corporate social responsibility initiatives in Indonesia.


By Order of the Board
GOLDEN AGRI-RESOURCES LTD


Rafael Buhay Concepcion, Jr.
Director
13 January 2015