Hartawan to trade under Wilton Resources from today

CATALIST-listed Hartawan Holdings has completed its acquisition of gold miner Wilton Resources Holdings and will trade under the new name of Wilton Resources Corporation (Wilton Resources) from today.

The name change was to reflect the company's new focus and departure from its previous main businesses of property leasing and hospitality.

As part of the deal to acquire Wilton Resources Holdings, Hartawan issued 1.5 billion shares (post-consolidating of 12 existing shares into 10 shares to comply with Catalist rules) at a price of 20 cents each, for a consideration of $300 million, to Indonesia's Wijaya Lawrence and Singapore's Patrick Ngiam.