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Interra Resources Ltd. ( (SG:5GI) ) has issued an announcement.
Interra Resources Limited has carried out an internal restructuring by transferring its entire 100% equity interest in Goldwater Indonesia Inc. to its wholly owned subsidiary Goldwater Company Limited for a nominal consideration of US$1, making Goldwater Indonesia Inc. an indirect wholly owned subsidiary. The company stated that this internal share transfer will not have a material impact on the group’s net tangible assets per share or earnings per share for the financial year ending 31 December 2026, and confirmed that directors have no interests in the transaction beyond their shareholdings in Interra, suggesting the move is primarily for corporate structuring efficiency rather than a change in underlying operations or financial outlook.
More about Interra Resources Ltd.
Interra Resources Limited is a Singapore-incorporated company listed on the SGX Mainboard, engaged primarily in petroleum exploration and production, including petroleum production, field development and exploration. The group is diversifying into renewable energy through floating solar farm projects in Indonesia with a local joint venture partner, holds conversion rights into equity stakes in three silica sand concessions in Indonesia, has been listed by PT PLN Nusantara Power as a potential strategic partner for power plant developments in Indonesia, and owns a 12.24% stake in ASX-listed Morella Corporation Limited, which focuses on critical minerals projects in Australia and the United States.
Technical Sentiment Signal: Hold
Current Market Cap: S$23.6M
For a thorough assessment of 5GI stock, go to TipRanks’ Stock Analysis page.