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SGX:5GI

5 stories mentioning SGX:5GIUpdated 21d ago

Every FINWIRES story that references SGX:5GI, newest first.

Asia

Interra Resources' Thai Joint Operating Firm to Acquire Rooftop Solar Projects

Interra Resources' (SGX:5GI) Thai joint operating company, Frontier Interra Solar Energy, agreed to acquire five rooftop solar photovoltaic projects in Thailand from Frontier Construction for 15 million baht, according to a Tuesday filing with the Singapore Exchange.The petroleum exploration and production company said the projects will have a total combined capacity of 847.525 kW, with the transfer including ownership of assets, related rights, and the right to collect electricity charges from users.Interra jointly controls Frontier Interra Solar Energy with its subsidiary, Interra Renewable Energy (Thailand).

SGX:5GI
Asia

Interra Resources Firm to Install Rooftop Solar Power System at Thai School

Interra Resources' (SGX:5GI) Thai joint operating company, Frontier Interra Solar Energy, signed an agreement to install a rooftop solar power system at Thailand-based Strisrinan School, according to a Singapore Exchange filing on Monday.Under the agreement, the subsidiary will design, install, operate and maintain a 264.55 kilowatt-hour solar power system on the school premises.The school will pay a monthly service fee based on total electricity generated over 15 years from the start of commercial service.

SGX:5GI
Asia

Singapore Shares Remain Resilient Despite Regional Downturn; Trek 2000 International Down 8%

Singapore shares remained marginally in the green zone on Tuesday, despite broader regional losses backed by a cooling of a rally in heavy-weight chip stocks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,193.65 and 5,241.80 throughout the day. It ended the session at 5,205.74, up 1.73 points or 0.03% compared to Monday's close.In economic news, Singapore's core consumer price index (CPI), which excludes accommodation and private transport costs, remained steady at 1.4% year over year in May, according to joint data released by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).On the corporate front, shares of Trek 2000 International (SGX:5AB) were down nearly 8% at the close as it secured a $350,000 contract with Cambodian textile manufacturer, Our HS Convenience, to supply, install and commission its AI Renewable Energy Solutions ecosystem.Singtel (SGX:Z74) closed under 1% lower as it disposed of a 2.8% stake in Thailand energy company, Gulf Development, for SG$1 billion, according to a company release on Tuesday.Meanwhile, Interra Resources (SGX:5GI) has agreed to sell its entire stake in its Myanmar petroleum assets to Sinopetro Holdings Limited for a combined $7.8 million.

^STISGX:5ABSGX:5GISGX:Z74
Asia

Interra Resources to Dispose of Myanmar Oil Assets for $7.8 Million

Interra Resources (SGX:5GI) has agreed to sell its entire stake in its Myanmar petroleum assets to Sinopetro Holdings Limited for a combined $7.8 million, according to a Monday filing with the Singapore Exchange.Under the conditional deal, Interra's wholly owned subsidiary, Goldwater Company, will sell its 100% equity stake, consisting of one share, in Goldwater Indonesia Inc. (GII).GII holds a 60% participating interest in two onshore improved petroleum recovery contracts in Myanmar, as well as a 60% stake in operator Goldpetrol Joint Operating Company.The total transaction value comprises $5.75 million in cash from the buyer, plus a $2.0 million remittance from Goldpetrol Joint Operating Company to an Interra subsidiary.Interra said the disposal follows prolonged political instability in Myanmar, which has created an unfavorable business environment. Moving forward, the oil and gas company plans to focus on diversifying into renewable energy projects in Indonesia and Thailand.

SGX:5GI
Asia

Interra Resources Acquires Minority Stake in Indonesian Lab Testing Firm

Interra Resources (SGX:5GI) acquired a 2.37% stake in Indonesia-based lab testing firm, MUTU, for nearly 7.95 billion Indonesian rupiah, according to a Friday filing with the Singapore Exchange.The acquisition was carried out by subscribing to nearly 82 million shares of MUTU at 97 Indonesian rupiah apiece.The move is part of the company's shift from traditional petroleum exploration toward green and sustainable industries, Interra said.

SGX:5GI

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