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Golden Agri-Resources Ltd (GAR) #42498

Created at
2020-06-23
Last update
2020-09-22

Involvements (7)

ID
Name
Rabobank Group
Country of registration/origin
Netherlands
Classification
Investment fund

Relationship
Tertiary investor/lender
Name
ABN AMRO
Country of registration/origin
Netherlands
Classification
Commercial Bank

Relationship
Tertiary investor/lender
Name
Massingham International Ltd
Country of registration/origin
Singapore
Classification
Private company

Relationship
Parent company
Investment type
Shares/Equity
Ownership share
18.38 %
Comment
Part of Sinar Mas Group
ID
Name
Sinar Mas Group
Country of registration/origin
Indonesia
Classification
Private company

Relationship
Parent company
Parent relation
Subsidiary of parent company
Ownership share
0 %
Comment
Sinar Mas operates its agribusiness and food pillar through Golden Agri-Resources Ltd. (“GAR”), a company listed on the Singapore Exchange in 1999. This ownership is structured through a range of subsidiaries: Ascent Wealth Investment Ltd, Massingham International Ltd, Golden Moment Ltd (Cayman Island). These entities are wholly-owned subsidiaries of Flambo International registered in the British Virgin Islands), which in turn is owned by the Widjaja Family Master Trust. No direct ownership.
Name
Golden Moment Limited
Country of registration/origin
Cayman Islands

Relationship
Parent company
Investment type
Shares/Equity
Ownership share
24.19 %
Name
Flambo International Ltd
Country of registration/origin
British Virgin Islands
Classification
Investment fund

Relationship
Parent company
Investment type
Shares/Equity
Ownership share
2.05 %
Comment
Deemed interest in the company is 50.52%. This arises from its interest in 750,000,000 shares, 2,332,197,897 shares and 3,070,000,000 shares held by its wholly-owned subsidiaries, Ascent, MIL and Golden Moment respectively in the Company.
Name
Ascent Wealth Investment Ltd
Country of registration/origin
China, Hong Kong Special Administrative Region
Classification
Investment fund

Relationship
Parent company
Investment type
Shares/Equity
Ownership share
5.91 %

Deals (Involvements as Operating company) (1)

ID
Target country
Indonesia
Intention of investment
Non-food agricultural commodities Food crops Biomass for biofuels
Current negotiation status
Concluded (Oral Agreement)
Current implementation status
In operation (production)
Deal size
366 914 ha