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