Golden Energy increases credit ceiling for subsidiary
Monday, September 25 2017 - 09:56 AM WIB
By Romel S. Gurky
IDX-listed coal firm PT Golden Energy Mines Tbk announced Monday it has signed the six addendum of a loan agreement with its fully-owned Singapore subsidiary GEMS Trading Resources Pte Ltd (GEMSTR).
Golden Energy said in a filing with the IDX that the addendum was made in relation to an increase in the ceiling of the loan for GEMSTR to US$75 million from $50 million. No further details were provided.
GEMSTR is a commodity trading company set up in 2012.
Editing by Reiner Simanjuntak