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Asset Acquisitions And Disposals :: Proposed S$1.88 Billion Acquisition Of 66.9998% Of PT Golden Energy Mines Tbk

BackMay 13, 2015
Announcement Title Asset Acquisitions and Disposals
Announcement Subtitle Proposed S$1.88 Billion Acquisition of 66.9998% of PT Golden Energy Mines Tbk
Securities GOLDEN ENERGY AND RESOURCESLTD (GOLDENER)
Date & Time of Broadcast May 13, 2015 17:31
Submitted By Pauline Lee
Joint Company Secretary
Description The Board of Directors (the "Board") of Golden Energy and Resources Limited (fka United Fiber System Limited) (the "Company" and together with its subsidiaries, the "Group") would like to update Shareholders that an audited consolidated financial statements for the financial year ended 31 December 2014 ("FY2014") prepared in accordance with International Financial Reporting Standards ("IFRS") ("FY2014 IFRS Audited FS"), has been prepared for the purpose of preparing the Proforma Information of the Enlarged Group in connection with the 66.9998% acquisition of the total issued and paid-up share capital of PT Golden Energy Mines Tbk by the Company. There are no material differences between the accounting principles adopted by the Group in preparing the financial statements in accordance with IFRS and Singapore Financial Reporting Standards.

Copy of the aforesaid FY2014 IFRS Audited FS are annexed as "Appendix A" to this announcement.

By Order of the Board
Pauline Lee
Joint Company Secretary
13 May 2015

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