In what is the first Indonesian coal mining group to be listed in the last five years, Stamford Law played a key role in advising Geo Energy Resources Limited on its listing on the Mainboard of the SGX-ST. The Geo Energy Group is a coal mining group with business operations and coal mining concession in Indonesia. The initial public offering of shares is expected to raise approximately S$94 million. Based on the invitation price of S$32.5 cents, the Company’s market capitalisation at listing is expected to be approximately S$376 million.
The listing of the Geo Energy Group also represents the first Indonesian coal mining group to be listed in Singapore since significant changes were made to the Indonesia coal mining regulatory regime in 2009. It will also be the first Indonesian coal mining group to be listed in Singapore since the introduction of rules and regulations pertaining to the listing of mineral, oil and gas companies in Singapore.
Ng Joo Khin (Partner) and Low Wee Siong (Counsel) led the transaction team.
