Golden Energy & Res

SINGAPORE PROPERTY

Wah Loon Engineering founder’s family sells Jervois Hill GCB for S$58 million

The buyer is a grandson of Sinar Mas founder; separately, a naturalised Singaporean pays S$52 million for a Cluny Hill bungalow

The proposed deal for the coal mine includes an upfront cash payment of US$1.05 billion at the time of its completion.

Consortium led by Gear seeks private credit for mine deal: sources

A CONSORTIUM led by Golden Energy and Resources (Gear) is sounding out private credit funds and banks to gauge interest in financing its US$1.65 billion acquisition of a coal mine in Australia, accord...

Following the completion of compulsory acquisition, Gear will become a wholly-owned subsidiary of Duchess Avenue.

Golden Energy and Resources’ offeror exercises right of compulsory acquisition

THE offeror of coal miner Golden Energy and Resources (Gear) has exercised the right to compulsorily acquire all shares of the company, especially those from shareholders who have not accepted the exi...

The exit offer closes at 5.30 pm on on Aug 15.

Golden Energy exit offer receives valid acceptances of 97.21%, closes on Aug 15

THE exit offer for coal miner Golden Energy and Resources (Gear) received valid acceptances representing 97.21 per cent of the total number of shares in the company as at 6pm on Thursday (Aug 10).

Sias lamented in a March commentary that the "ridiculous lowball" offers foment investor resentment and mistrust in the local market.
MARK TO MARKET

Investor activism may be key to reviving market

Forget about independent financial advisers and independent directors – a dose of aggressive shareholder activism might be the answer to lowball offers

The resolution to delist received a 99.91 per cent approval; the distribution resolution passed with 99.89 per cent approval.

Golden Energy’s plans to delist and exit thermal coal business win majority votes at EGM

COAL miner Golden Energy and Resources (Gear) has received the green light to go ahead with its delisting plans and to undertake a distribution in-specie of its 62.5 per cent stake in Indonesia-listed...

EGM registration is necessary to ensure that shareholders are able to vote on two critical resolutions – a distribution in specie of Gem shares, and the delisting of Gear, says Sias chief David Gerald.

Sias calls for Gear minority shareholders to ‘vote wisely’ at EGM; says IFA justifications subjective

IN its latest salvo over coal producer Golden Energy and Resources’ (Gear) privatisation deal, the Securities Investors Association (Singapore), or Sias, doubled down on its call for the company’s min...

Golden Energy and Resources' independent financial advisor has defended its valuation methodology as one that takes a more complete picture of Golden Energy Mines.

Golden Energy and its IFA hit back at criticism of opinion and valuation methodologies

W CAPITAL, the independent financial advisor (IFA) in the exit offer for Golden Energy and Resources (Gear), has hit back at criticisms of its opinion by the Securities Investors Association (Singapor...

Sias has recommended that Golden Energy and Resources' minority shareholders reject the exit offer by its controlling shareholders.

Stocks to watch: Olam, Golden Energy and Resources, Challenger Technologies

THE following companies saw new developments that may affect trading of their securities on Wednesday (May 31): Olam Group: The company’s proposed initial public offering of its agribusiness unit is ...

David Gerald, president of Sias, says that the IFA has conflated the two corporate actions of the exit offer and the distribution of Golden Energy Mines shares to the detriment of minority shareholders.

Sias recommends Golden Energy and Resources shareholders reject exit offer

THE Securities Investors Association (Singapore) or Sias, is recommending that Golden Energy and Resources (Gear) minority shareholders reject the exit offer by the controlling shareholders.