Golden Agri-Resources Ltd (GAR) #42498
Created at
2020-06-23
Last update
2020-09-22
Involvements (21)
ID
Name
PT Sinar Mas Agro Resources & Technology Tbk (SMART)
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Agrolestari Sentosa
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Agrokarya Primalestari
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Mitrakarya Agroindo
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Kencana Graha Permai
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Cahaya Nusa Gemilan
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Bangun Nusa Mandiri
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Buana Adhitama
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. IVO MAS TUNGGAL
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Agro Lestari Mandiri
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
PT. Paramitra Internusa Pratama
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
ID
Name
Verdant Fund LP
Country of registration/origin
Cayman Islands
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100 %
ID
Name
Silchester International Investors
Country of registration/origin
United Kingdom of Great Britain and Northern Ireland
Classification
Private equity firm
Relationship
Tertiary investor/lender
Investment type
Shares/Equity
Ownership share
12.05 %
ID
Name
Kopernik Global Investors LLC
Country of registration/origin
United States of America
Classification
Private equity firm
Relationship
Tertiary investor/lender
Investment type
Shares/Equity
Ownership share
5.02 %
Comment
Increased ownership in Golden Agri-Resources from 4.95% to 5.02% (https://links.sgx.com/FileOpen/_Kopernik%20Global.eFORM3V2.GGR.ashx?App=Announcement&FileID=632270)
ID
Name
Rabobank Group
Country of registration/origin
Netherlands
Classification
Investment fund
Relationship
Tertiary investor/lender
ID
Name
ABN AMRO
Country of registration/origin
Netherlands
Classification
Commercial Bank
Relationship
Tertiary investor/lender
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.
ID
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
Golden Moment Limited
Country of registration/origin
Cayman Islands
Relationship
Parent company
Investment type
Shares/Equity
Ownership share
24.19 %
ID
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.
ID
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