PT Golden Energy Mines Tbk. (GEMS)


GEAR’s IFA calls revised offer ‘fair and reasonable’

The revised offer was said to “fall within or above” the IFA’s estimated range of the share values.


GEAR’s board raises takeover offer to 18.1 cents per share; all-cash consideration offer upped to 97.3 cents

The offer was revised after several factors, such as GEAR's financial performance for the FY2022, were considered.

Company in the news

Golden Energy and Resources to sell 4.5% of GEMS sale shares it owns for US$50 mil

The transaction is to enable GEMS to meet the Free Float Requirement and resume trading of GEMS shares on the IDX.