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Singapore Exchange (“SGX”) is pleased to welcome the listing of Wilton Resources Corporation Limited (“Wilton Resources”) on Catalist, under the stock code of “5F7”.
Hartawan Holdings Ltd (“Hartawan”) acquired Wilton Resources for a consideration of S$300 million, satisfied by an issue of shares by the company. As part of the exercise, Hartawan was renamed as Wilton Resources Corporation and placed out 1.5 billion shares to new investors at $0.20 per placement share.
Wilton Resources is an investment holding company that is engaged in the business of exploration and mining of gold, and production of gold dore in Indonesia. It has commenced extraction of gold ore in the Pasir Manggu deposit in West Java Province, Indonesia.
Wijaya Lawrence, Chairman & President of Wilton Resources, said: “This is indeed a significant day for Wilton as we commence a new chapter as a corporation listed on a well-regarded international exchange such as the SGX. As a listed entity with a new strategic direction, we endeavour to enhance value for our stakeholders and uphold the highest standards of corporate governance.”
Lawrence Wong, Head of Listings at SGX, said: “We are pleased to welcome Wilton Resources to Catalist. Its listing adds to SGX’s mineral, oil and gas (MOG) sector and the choice of our investors.”
The listing of Wilton Resources, with a market capitalisation of $436 million, brings the total number of SGX-listed MOG and related companies to 19 with total market capitalization of $5.2 billion.
