JAKARTA - Golden Energy and Resources Limited (GEAR), a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA), purchased 6,048,027 of Stanmore Coal Limited, an Australian coal mining company. With this transaction, GEAR's stake in Stanmore rose to 75.33%.
As quoted from the company's disclosure on Tuesday (19/5), Susan Chandra, Corporate Secretary of PT Dian Swastatika Sentosa Tbk (DSSA) said the transaction will have a positive impact on the company's consolidated financial statements. The purchase was carried out by Golden Investments, a subsidiary of GEAR based in Australia.
The transaction was conducted at AUD 1 per share, with a total value of Rp 58.43 billion. (LK/AR)