Brief: Samko Timber Announces Share Subscription Agreement

LE Tree Holdings

19/09/2019 09:33

Sept 19 (Reuters) - Samko Timber Ltd  SAMT.SI :
    * UNIT ENTERS SHARE SUBSCRIPTION AGREEMENT WITH PT BARITO
WANABINAR INDONESIA AND PT SUMBER GRAHA MALUKU
    * PURSUANT TO AGREEMENT, PT SGS NOMINATED UNIT PT SEMPURNA
GRAHA
ABADI TO SUBSCRIBE FOR 400,834 SERIES A SHARES IN CAPITAL OF PT
SGM
    * PURSUANT TO SUBSCRIPTION AGREEMENT, PT BWI SHALL UNDERTAKE
INTERNAL RESTRUCTURING EXERCISE IN RESPECT OF ASSETS
    * PT SGS TO INVEST US$20.7 MILLION FOR THE SUBSCRIPTION
SHARES
    * PT SGA ALSO ENTERED SHAREHOLDERS' AGREEMENT WITH PT BARITO
WANABINAR AND PT SUMBER GRAHA MALUKU TO REGULATE THEIR RIGHTS &
OBLIGATIONS

Source text for Eikon:  ID:nSNZ56tqJy 
Further company coverage:  SAMT.SI 

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