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

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.