Acquisition of Australian Company, DSSA Holds EGMS 16 February

The Sinarmas Group energy and infrastructure issuer, PT Dian Swastatica Sentosa Tbk (DSSA), has rescheduled the extraordinary general meeting of shareholders (EGMS)
which was previously to be held today (7/2/2022) to Wednesday, February 16, 2022. In the EGMS, DSSA will seek shareholder approval for the takeover of all shares of Dampier Coal (Queensland) Pty Ltd (as the owner of 80% shares of BHP Mitsui Coal Pty Ltd) by Stanmore SMC Holdings Pty Ltd. For information, the company through Stanmore SMC Holdings Pty Ltd, plans to take over all shares of Dampier Coal (Queensland) Pty Ltd (as the owner of 80% shares of BHP Mitsui Coal Pty Ltd), with a purchase price of up to US$ 1.35 billion or equivalent to Rp. 19.44 trillion (assuming an exchange rate of Rp. 14,400/US$). Stanmore SMC Holdings Pty Ltd is a direct subsidiary of Stanmore Resources Limited which is an indirect subsidiary of the Company, both of which are legally established companies under Australian law.

|•SOURCE•| Articles :CNBC | Image :DSSA |

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