SINGAPORE (Yosefardi) – United Fiber System Limited has, on 30 August 2013, entered into a subscription agreement with the unsecured creditors for acquiring PT Golden Energy Mines Tbk (GEMS).
United Fiber proposes to acquire 66.9% GEMS shares for a total consideration of S$1.88 billion. The subscription agreement is related to the proposed bonds issue to the subscribers collectively of up to S$45.49 million in aggregate principal amount.
The Bonds will bear interest at the rate of 5% per annum. The maturity date falling 24 months from the closing date.