Geo Energy Resources (SGX:RE4) entered into a non-binding MOU with its key shareholder Resources Invest for an investment of $50 million to $100 million in subsidiary MBJ Integrated Infrastructure, according to a Monday filing with the Singapore Exchange.
Following the investment, MBJ's valuation will exceed $1.5 billion once at full capacity.
The investment is slated to be concluded by the end of the year. ResInvest had previously invested over $30 million in the company.
Meanwhile, MBJ has entered into two non-binding term sheets with PT Thriveni and PT Astaka Dodol for the usage of the infrastructure for volumes of 15 million tons of coal per annum and 10 million tons of coal per annum respectively.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。