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SGX:RE4

7 stories mentioning SGX:RE4

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

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.

^STISGX:E28SGX:RE4SGX:ZKX
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.

^STISGX:BECSGX:RE4SGX:WNH
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