In today’s briefing:
- Golden Energy: Dian Swastatika Goes To Vote. Nothing To See Here
Golden Energy: Dian Swastatika Goes To Vote. Nothing To See Here
- Dian Swastatika (DSSA IJ) shareholders will vote on the in-specie distribution of Golden Energy Mines and the exit offer of Golden Energy & Resources (GER SP) on the 2 May.
- This requires a simple majority vote, and the Widjaja family-controlled PT Sinar Mas Tunggal holds 59.9% in DSSA. This is rubber-stamped.
- For what it’s worth, DSSA’s “independent advisors” concluded the Offer is fair. To the Widjaja family as majority owners, it most certainly is. To the DSSA minority shareholders… 👀
💡 Before it’s here, it’s on Smartkarma
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