SINGAPORE, July 2 (Reuters) - The value of Indonesian conglomerate Sinar Mas's planned backdoor listing of its coal assets in Singapore through a reverse takeover of United Fiber System Ltd has been raised to S$2.2 billion ($1.74 billion).
United Fiber said on Monday a unit of India's GMR Infrastructure Ltd will sell its 30 percent stake in Golden Energy Mines Tbk to the Singapore-listed firm in exchange for new United Fiber shares valued at S$693.9 million ($547.8 million).
United Fiber previously struck a S$1.5 billion agreement with Indonesian coal miner PT Dian Swastatika Sentosa Tbk (DSS) , to buy a 67 percent stake in Golden Energy in exchange for new United Fiber shares.
DSS and GMR will control about 65.2 percent and 29.2 percent of United Fiber after the deal, the Singapore firm said. ($1 = 1.2668 Singapore dollars) (Reporting by Charmian Kok Editing by Kevin Lim)
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UniFiber
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teeth53
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06-Jul-2012 17:40
Yells: "don't learn through life, learn to grow with life " |
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2BFBF72AA53B3B9A48257A2E005DB7C5/$file/UFS_Announcement_RTO_07022012.pdf?openelement http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_15CCF7920C3D9FB448257A14003822BC/$file/UFS_Announcement_05062012.pdf?openelement |
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rabbitfoot
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06-Jul-2012 14:46
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Browsed through PT GEMS website & annual report. This is a very, very impressive company. Definitely will be the next Wilmar once it is listed in SGX via Unifiber.  | ||||||||||||||||||
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ozone2002
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02-Jul-2012 11:30
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United Fiber System is proposing a S$2.24bn acquisition of 96.9998% stake in PT Golden Energy Mines by issuing 3205m new shares at the issue price of S$0.70 per consolidated UFS Share. As a condition precedent to the proposed acquisition, the company shall consolidate every 20 UFS Shares into one (1)
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ozone2002
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02-Jul-2012 11:21
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sk6666
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02-May-2012 08:11
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UNITED FIBER SYSTEM LIMITED  REQUEST FOR TRADING HALT Pending for announcement.  |
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teeth53
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01-May-2012 11:47
Yells: "don't learn through life, learn to grow with life " |
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Is the RTO story still on...? or is orchestrating a backdoor RTO (Returnig To Offerer) As early as Jan 27, 2012...Unifiber. Formerly called Poh Lian Construction (Pte.) Ltd. A year back, almost a dead fish, a year now - dead fish came alive. http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=2801& recordCount=20 Indonesia's Sinar Mas Grp is orchestrating a backdoor RTO (Returnig To Offerer)  listing of its Indonesian coal assets in Singapore through a $1.2 billion share-swap with a small forestry firm listed on the SG Exch Securities. $1.2billion (big value)  meanwhile (Unifiber) it value United Fiber shares, valued at $76 million. |
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timebomb2012
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30-Apr-2012 13:08
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Today is last day to announ   RTO , right ? Someone , please call to CEO to check ... |
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wildchild
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30-Apr-2012 09:10
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RTO any news..................................... | ||||||||||||||||||
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Bintang
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30-Apr-2012 08:42
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Weekly shooting star formed .
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teeth53
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27-Apr-2012 21:38
Yells: "don't learn through life, learn to grow with life " |
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It did super charge up on Wednesday with huge volume of 419,533,000m, > 0.060 cts to hit  0.070cts. http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=10360& searchString=& msgbdName=UniFiber& topicTitle=games
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carsem
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24-Apr-2012 17:31
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Unifiber cheong....... Will break 0.06 tomorrow | ||||||||||||||||||
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timebomb2012
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24-Apr-2012 17:01
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break 0.058......tomolo .....   |
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timebomb2012
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24-Apr-2012 16:33
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unifiber cheong ah!!!!!!!!!!!!! break 0.580 will move all the way up year high.... |
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timebomb2012
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24-Apr-2012 15:39
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unifiber is moving today...... another 100% return stock... |
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teeth53
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20-Apr-2012 23:33
Yells: "don't learn through life, learn to grow with life " |
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R'.'eturning T'.'o O'.'fferer. Let hope for d best...mah. Happi Trading. | ||||||||||||||||||
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CrazGreed
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20-Apr-2012 23:12
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I already ran away when it was high... I personally do not put much hope on this | ||||||||||||||||||
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timebomb2012
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20-Apr-2012 17:00
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Next goreng unifiber. 100% profit . haha... 1 more minute .... |
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coocoobond3
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20-Apr-2012 15:07
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shortists and sellers filling up............... run for your LIFE!!!! :) | ||||||||||||||||||
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coocoobond3
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20-Apr-2012 13:55
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cheonging up ... 6cts possible???? | ||||||||||||||||||
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Leonkoh73
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20-Apr-2012 13:44
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its moving up.. hit it higher! | ||||||||||||||||||
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