Back 14 Jul 2025

Geo Energy completes disposal of PT Sumber Bara Jaya and PT Bumi Enggang Khatulistiwa, exits subsidiaries on 14 July 2025

Link: https://links.sgx.com/1.0.0/corporate-announcements/ZUFFOPOBKXGAHHFY/245b2881cffae346706fde04b2e368b47845ad61fbdcd2ff6c8c0ebbafb69105

Summary:

  • Geo Energy Resources announced the successful completion of the disposal of PT Sumber Bara Jaya (SBJ) and PT Bumi Enggang Khatulistiwa (BEK) on 14 July 2025.

  • All conditions precedent under the sale and purchase agreement were met, and the transfer of shares occurred on the same day.

  • As a result, SBJ and BEK are no longer subsidiaries of the Group.

  • This concludes the proposed disposal first announced on 12 June 2025.