Back 17 Sep 2025

Geo Energy Resources Completes Disposal of PT Surya Tambang Tolindo Subsidiary

Link: https://links.sgx.com/1.0.0/corporate-announcements/525QX54EKWJEFJMD/dfc9bdf15d693716051c8ef375530f5f541cfc491b19c40b48dd23695e461b44

Summary:

  • The sale of PT Surya Tambang Tolindo (STT) by Geo Energy Resources, via its Indonesian subsidiary PT STT Tunas Bara, was completed on September 17, 2025.

  • All conditions under the earlier conditional sale and purchase agreement (CSPA, signed March 26, 2025) were satisfied, with the transfer of shares finalized on completion.

  • Following the completion, both PT STT Tunas Bara and PT Surya Tambang Tolindo are no longer subsidiaries of Geo Energy Resources Limited.

  • Announcement made by Executive Chairman and CEO, Charles Antonny Melati, on September 17, 2025.

  1. https://links.sgx.com/FileOpen/Completion%20Announcement_Disposal%20of%20STT.ashx?App=Announcement&FileID=859294