Geo Energy Resources Conducts Groundbreaking Ceremony for Integrated Infrastructure in Indonesia; Shares Up 4%

MT Newswires

2024/11/21

Geo Energy Resources (SGX:RE4) held a groundbreaking ceremony for its integrated infrastructure in Indonesia, according to a filing with the Singapore Exchange on Wednesday.

The infrastructure includes a 92 kilometer hauling road and a jetty at South Sumatera.

The new infrastructure will have a road haulage capacity of about 50 million tons per annum.

Shares of the engineering and construction service company surged nearly 4% in recent trading.

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