Sindhu Trade Links Ltd
🚀 Sindhu Trade Links Expands into Coal & Mining via Major Acquisition
• Board approved acquisition of up to 78.26% equity in Singapore-based Advent Coal Resources Pte. Ltd.
• Acquisition includes purchase of 11,300 shares (53.67%) from Indo Pacific Partners Trust (related party transaction).
• Other shareholders involved: Astraea Fund Limited (4,122 shares), RMK Investments Pte. Ltd. (395 shares), Sub Rosa Partners Pte. Ltd. (264 shares), Artham Resources Management - FZCO (264 shares), and Sharifah Azzuwati Binti Syed Mohamad (132 shares).
• Consideration will be through share swap (no cash involved), with details to be finalized in future Board meeting.
• Advent Coal Resources operates in coal resources, mining, and infrastructure with subsidiaries in Indonesia (incorporated November 10, 2011).
• Indicative completion date for the acquisition is July 15, 2026.