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Singapore Exchange (SGX) is pleased to welcome the listing of Geo Energy Resources Limited (Geo Energy) on the Mainboard under the stock code, “RE4”.
Geo Energy is a coal mining group established in 2008 with operations mainly in Kalimantan, Indonesia. It operates coal mining sites for the purpose of coal production and coal sales. It also provides mine contracting services to third party mine owners and sells coal to both coal traders and coal export companies.
Mr Charles Antonny Melati, Executive Chairman of Geo Energy, said: “We would like to thank the public and the institutional investment community for the strong support we have received from them, leading to the success of our IPO. We are very proud to be able to lead the Group in our new status as a listed company on the Mainboard of SGX. This listing is a major milestone for the Group and moving forward, we hope to use this listing as a springboard to propel the Group to greater heights.”
“We are delighted that Geo Energy, a regional minerals company, has chosen SGX as its preferred listing platform to expand their business. Demand for resources such as coal is expected to stay strong, and we look forward to companies like Geo Energy coming to SGX for capital raising and expansion,” said Mr Lawrence Wong, Head of Listings, SGX.
Geo Energy, with a market capitalisation of S$376 million brings the total number of SGX-listed Mineral, Oil & Gas companies to 15 with total market capitalization of S$5.2 billion (US$4.3 billion).
