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Golden Agri-linked Widjajas tap S'pore investors for acquisitions

Family is seeking control of Indonesia coal miner, after having five listed firms in S'pore

Published Fri, May 29, 2015 · 09:50 PM
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Singapore

INDONESIAN billionaire Eka Tjipta Widjaja is getting support from Singapore financiers to fund expansion as he bids for a London-listed mining company.

A reverse takeover last month created the family's fifth Singapore-listed company, coal miner Golden Energy & Resources Ltd, while palm-oil producer Golden Agri-Resources Ltd tapped the city's bond market twice in the past five weeks. Mr Widjaja is also seeking control of Asia Resource Minerals plc (ARMS), a route to becoming one of the top four coal producers in his home country.

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