ACQUISITIONS AND DISPOSALS

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Acquisitions and Disposals :: Changes in Company's Interest :: (1) New Subsidiaries; and (2) Acquisition of additional shares in associated company

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Name of Announcer *

GOLDEN AGRI-RESOURCES LTD

Company Registration No.

UF 24045G

Announcement submitted on behalf of

GOLDEN AGRI-RESOURCES LTD

Announcement is submitted with respect to *

GOLDEN AGRI-RESOURCES LTD

Announcement is submitted by *

Kimberley Lye Chor Mei

Designation *

Director, Corporate Secretarial

Date & Time of Broadcast

09-Jan-2013 18:18:42

Announcement No.

00094

>> Announcement Details

The details of the announcement start here ...


Announcement Title * (1) New Subsidiaries; and (2) Acquisition of additional shares in associated company
Description The Board of Directors of Golden Agri-Resources Ltd wishes to announce the following:
(1) New subsidiaries
(1.1) PT Energi Sejahtera Mas
(1.2) PT Golden Resources Investment
(1.3) Aurea Resource Trading Company Limited
Incorporation of two wholly-owned subsidiaries, PT Energi Sejahtera Mas ("ESM"), established in the Republic of Indonesia, with an initial issued and paid up capital of IDR51,000,000 comprising 51 shares of IDR1,000,000 each fully paid; and PT Golden Resources Investment ("GRI"), established in the Republic of Indonesia, with an initial issued and paid up capital of IDR9,472,000,000 comprising 1,000 shares of IDR9,472,000 each fully paid.
Purchase of a new wholly-owned subsidiary, Aurea Resource Trading Company Limited ("ART"), established in the British Virgin Islands, with an initial and paid up capital of USD1.00 comprising 1 share fully paid, at par value.
The principal activity of ESM is in oleochemicals, the principal activities of GRI are investment holding, business and management consultancy and trading and the principal activity of ART is investment holding.
(2) Acquisition of additional shares in associated company
(2.1) PT Catur Paramita
PT Ivo Mas Tunggal, a subsidiary of GAR has increased its shareholding in PT Catur Paramita, an associated company, from 30.3% to 36.21% after an acquisition of 11,000 shares of nominal value of IDR1 million each, at par value.
By Order of the Board
GOLDEN AGRI-RESOURCES LTD
Rafael Buhay Concepcion, Jr. Director
9 January 2013

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9/1/2013

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