General Announcement::SGX welcomes Resources Prima Group to Catalist

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
14-Nov-2014 09:35:00
Status
New
Announcement Sub Title
SGX welcomes Resources Prima Group to Catalist
Announcement Reference
SG141114OTHRG0PR
Submitted By (Co./ Ind. Name)
Benjamin Tan
Designation
Vice President
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed Resources Prima Group Limited (Resources Prima), formerly known as Sky One Holdings Limited (Sky One), to Catalist, under the stock code of 5MM .

The listing follows the acquisition by Sky One of the entire issued and paid-up share capital of Energy Prima Pte. Ltd. for a consideration of S$265 million, satisfied fully by the issue and allotment of shares by Sky One. In addition, about S$16.7 million will be raised in a placement of shares. Upon completion of the RTO and placement, the enlarged entity would have an estimated market capitalisation of about S$366.6 million.

Resources Prima is a mine owner and primarily engages in the business of coal exploration and coal mining in East Kalimantan, Indonesia.

Agus Sugiono, Executive Chairman and Chief Executive Officer, Resources Prima, said, "I am delighted and very proud to announce that Resources Prima Group Limited has arrived and is ready to fulfil its potential for the benefit of all stakeholders. We believe that such potential will be achieved through our competitive strengths, which include the location of our mine, supply chain advantages, supportive vendors, strong relationships with local government and a committed and hardworking management team. Given the above, we intend to grow both organically and through future M&A."

Lawrence Wong, Head of Listings, SGX, said: "We are pleased to welcome Resources Prima to SGX. This is our first Indonesian coal mining company on Catalist, and will also be SGX s largest coal mining company by market capitalisation. We are excited about the addition of Resources Prima to our mining sector, and look forward to partnering the company in its growth ambitions."

The listing of Resources Prima brings the total number of MOG companies to 25, with a combined market capitalisation of S$5.3 billion.

Shares in Resources Prima debuted at S$0.19 today.

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