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10 stories mentioning SGX:RE4Updated 13d ago

Every FINWIRES story that references SGX:RE4, newest first.

Asia

Singapore Shares Close Week in Red Amid Chipmaker Selloff

Singapore shares remained in the red on Friday as investor sentiment was weighed down over a sell-off of chipmakers.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,491.51 and 5,521.84 throughout the day. It ended the session at 5,509.43, down 29.95 points or 0.5% compared to Thursday's close.On the corporate front, shares of Metech International (SGX:V3M) were up nearly 5% at the close as the company reported it has not credited placement shares to subscriber Ma Ong Kee as the allotment could result in transfer of controlling interest.Geo Energy Resources (SGX:RE4) closed nearly 3% lower as its Marga Bara Jaya (MBJ) Integrated Infrastructure commenced operations on July 16, marking the start of its expansion into infrastructure and logistics alongside its coal mining business.Meanwhile, Mm2 Asia (SGX:1B0) signed an agreement to place around 16.3 billion shares at SG$0.000918 per share to MMRA for a total consideration of SG$15 million as part of its proposed restructuring.

^STISGX:1B0SGX:RE4SGX:V3M
Asia

Geo Energy's MBJ Infrastructure Goes Live, Begins First Coal Shipment

Geo Energy Resources (SGX:RE4) said its Marga Bara Jaya (MBJ) Integrated Infrastructure commenced operations on July 16, marking the start of its expansion into infrastructure and logistics alongside its coal mining business.The miner completed the first loading operations from the Triaryani coal mine on Thursday as part of a roughly 50,000-metric-tonne shipment valued at about $3.2 million for a domestic customer.The 92-kilometer hauling road and jetty infrastructure is expected to support a gradual increase in production at the Triaryani mine to 20 million to 25 million tonnes annually while improving logistics efficiency.Geo Energy said the new infrastructure is expected to increase the group's annual EBITDA by up to about $350 million.

SGX:RE4
Asia

Geo Energy Resources Well Positioned Amid Indonesia Regulatory Developments; Shares Up 3%

Geo Energy Resources (SGX:RE4) remains on track with its operations and associated activities amid the Indonesian government's push to centralize control of commodity exports under its sovereign wealth fund, Danantara Indonesia.Shares of the coal producer were up over 3% in Tuesday trading.Danantara has confirmed its role as an oversight body and not an export intermediary, which significantly reduces potential operational disruption the market had initially feared, according to a Monday filing with the Singapore Exchange.Additionally, the body will not assume ownership of any export contracts or take over customer relationship and impact existing arrangements between producers and buyers.Instead, Danantara will act as a supervisory, reporting and data-monitoring body.

SGX:RE4
Asia

Geo Energy Backs Indonesia's Centralized Export Shift but Awaits Operational Clarity

Geo Energy Resources (SGX:RE4) gave its approval to the Indonesian government's plan to centralize commodity export controls, to strengthen state oversight and improve coordination, according to a Monday filing with the Singapore Exchange.However, the coal producer expects clarity over implementation, administrative processes and documentation.According to the directors, policy implementation will require time and the company will continue to monitor developments.

SGX:RE4
Asia

Geo Energy Resources Issues, Allots Shares Under Share Option Scheme

Geo Energy Resources (SGX:RE4) issued 964,000 shares worth SG$32,400 under its share option scheme, according to a Tuesday filing with the Singapore Exchange.The new shares are expected to be listed and quoted on or around May 26, the filing said.

SGX:RE4
Asia

Geopolitical De-escalation Hopes Lift Singapore Shares; Frencken Group Closes 8% Lower

Singapore shares extended their winning streak on Tuesday, despite mixed regional showings, as hopes of a peace deal between the US and Iran were lifted following comments made by the US President Donald Trump.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,001.85 and 5,072.34 throughout the day. It ended the session at 5,072.34, up 75.59 points or 1.5% compared to Monday's close.Trump disclosed that a planned military strike against Iran had been deferred following direct intervention and mediation requests from Qatar, Saudi Arabia, and the UAE.On the corporate front, shares of Frencken Group (SGX:E28) closed nearly 8% lower, as its profit attributable to equity holders fell 20% during the first quarter of the year to SG$8 million from SG$10 million a year earlier.Ever Glory United (SGX:ZKX) was up nearly 4%, as it secured new contracts worth SG$230 million, taking the company's total order book to more than SG$900 million.Meanwhile, shares of Geo Energy Resources (SGX:RE4) closed over 4% lower, as it signed non-binding agreements to support the operations and development of Harfa Taruna Mandiri, the Indonesian mine operator it intends to buy.

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Asia

Geo Energy Signs Deals to Support Indonesian Firm's Operations Ahead of Planned Acquisition; Shares Down 3%

Geo Energy Resources (SGX:RE4) signed non-binding agreements to support the operations and development of Harfa Taruna Mandiri, the Indonesian mine operator it intends to buy, according to a Monday filing with the Singapore Exchange.Shares of the Singaporean mining company were down over 3% in Tuesday's trading.The company entered into a memorandum of understanding with commodities firm Trafigura, under which the latter will provide $50 million and $100 million in prepayment funding to support the capital expenditure for Harfa's development.Trafigura also plans to offtake and market 100% of the export volumes from Harfa at approximately 1.5 million tonnes per annum, the filing said.Geo Energy also signed a separate MOU with East Wonders Indonesia for underground mining contractor services for Harfa for the next 15 years, it said.In April, Geo Energy entered into a binding term sheet to acquire a 50.1% stake in Harfa.

SGX:RE4
Asia

Geo Energy Resources Q1 Profit Slumps 72%

Geo Energy Resources (SGX:RE4) profit during the first quarter of the year fell 72% to $4.0 million from $14.1 million a year earlier, according to a Wednesday filing with the Singapore Exchange.Revenue declined 42% year over year to $95.8 million from $166.4 million, with the coal mining company reporting lower coal sales and production volume during the period.

SGX:RE4
Asia Markets

Singapore Shares Start Week in Green Despite Continued US-Iran Tensions

Singapore shares started the week positively despite a backdrop of diplomatic friction, as U.S. President Donald Trump dismissed recent Iranian remarks regarding regional stability as "totally unacceptable."The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,908.76 and 4,956.77 throughout the day. It ended the session at 4,942.77, up 20.87 points or 0.42% compared to Friday's close.On the corporate front, shares of Geo Energy Resources (SGX:RE4) closed over 3% higher as it signed a term sheet with Swiss private commodities investment company, Resource Invest under which the latter will invest directly or indirectly around $1.5 billion in the company's Indonesian subsidiary, Marga Bara Jaya.BRC Asia's (SGX:BEC) shares closed nearly 3% lower as its attributable profit to owners rose 24% in the fiscal first half ended March 31, to SG$52.0 million from SG$42.1 million a year earlier.Meanwhile, shares of Autago (SGX:WNH) surged over 33% at the close as it completed its share consolidation exercise on May 8.

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Asia

Geo Energy Resources Raises Over SG$18 Million Through Placement Exercise

Geo Energy Resources (SGX:RE4) completed the placement of 35 million shares at SG$0.525 per share, to raise SG$18.4 million, according to a Wednesday filing with the Singapore Exchange.KGI Securities (Singapore) was the placement agent for the activity, the filing added.

SGX:RE4

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