i google and found the relation finally - http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/72404D524983B7B348257A930030B8BE/$File/1a.%20Geo%20Energy%20Resources%20-%20Final%20Prospectus%20-%2010%20Oct%202012.pdf
PSL energy is sub of PSL holding owns about 11% of Geo.
soulcries ( Date: 05-Nov-2012 23:31) Posted:
RSI have reach to almost lowest with 7.5% and a very strong support at 0.225
but i have a question ,can anyone tell me is geo energy (recently listed) is one of the subsidiary of PSL holding?i have tried to research about it.Couldn't find out the answer.
I only found that geo dynamic is the subsidiary of PSL holding.
that statement i heard is from my friend of mine .
RSI have reach to almost lowest with 7.5% and a very strong support at 0.225
but i have a question ,can anyone tell me is geo energy (recently listed) is one of the subsidiary of PSL holding?i have tried to research about it.Couldn't find out the answer.
I only found that geo dynamic is the subsidiary of PSL holding.
that statement i heard is from my friend of mine .
This coy have changed their management,change it ceo and cfo,with that they will be more responsible in their earning and will not spend unnecessary money and they will start to focus on their strategy and strategizes and meet their objective
hang in there....this gem got potential...need patience....
( Date: 31-Oct-2012 00:43)
With this restructuring, Mr Foo Kah Lee shall now be responsible for the Group's strategic directions and expansion plans, and the management of the Group's overall business development.
In particular, he shall spearhead and manage the Group's foray into the coal business.
yes coal business are very lucrative business...PSL is a investment company at first it may require a lot of capital which may not show much earning yet or announce earning.But in times to come,when there is a harvest u can expect what will happen.
Recently ,all weak holders and contra have dump their shares whereas strong investor still remain holding .
" DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."
Name of Announcer *
PSL HOLDINGS LTD
Company Registration No.
199707022K
Announcement submitted on behalf of
PSL HOLDINGS LTD
Announcement is submitted with respect to *
PSL HOLDINGS LTD
Announcement is submitted by *
Lee Cheng Peck
Designation *
Director
Date & Time of Broadcast
01-Oct-2012 17:56:45
Announcement No.
00103
· ANNOUNCEMENT DETAILS
Announcement Title *
CHIEF EXECUTIVE OFFICER
Description
The Board of Directors of PSL Holdings Limited (the " Company" ) wishes to announce that Mr Lee Cheng Peck will relinquish his duties as the Chief Executive Officer of the Company with effect from 1 October 2012. Mr Foo Kah Lee, an Executive Director and Chief Operating Officer of the Company, will be appointed the Chief Executive Officer of the Company on the same date.
With this restructuring, Mr Foo Kah Lee shall now be responsible for the Group's strategic directions and expansion plans, and the management of the Group's overall business development. In particular, he shall spearhead and manage the Group's foray into the coal business.
Mr Lee Cheng Peck remains as an Executive Director of the Company and Chairman of the Board. He continues to head the Group's foundation engineering division which provides services to the construction industry.
" DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."
Name of Announcer *
PSL HOLDINGS LTD
Company Registration No.
199707022K
Announcement submitted on behalf of
PSL HOLDINGS LTD
Announcement is submitted with respect to *
PSL HOLDINGS LTD
Announcement is submitted by *
Lee Cheng Peck
Designation *
Director
Date & Time of Broadcast
01-Oct-2012 17:56:45
Announcement No.
00103
· ANNOUNCEMENT DETAILS
Announcement Title *
CHIEF EXECUTIVE OFFICER
Description
The Board of Directors of PSL Holdings Limited (the " Company" ) wishes to announce that Mr Lee Cheng Peck will relinquish his duties as the Chief Executive Officer of the Company with effect from 1 October 2012. Mr Foo Kah Lee, an Executive Director and Chief Operating Officer of the Company, will be appointed the Chief Executive Officer of the Company on the same date.
With this restructuring, Mr Foo Kah Lee shall now be responsible for the Group's strategic directions and expansion plans, and the management of the Group's overall business development. In particular, he shall spearhead and manage the Group's foray into the coal business.
Mr Lee Cheng Peck remains as an Executive Director of the Company and Chairman of the Board. He continues to head the Group's foundation engineering division which provides services to the construction industry.
old news: group is very much interested in coal biz
PSL eyes Indonesian coal business
April 26, 2011, 6.39 pm (Singapore time) By ANGELA TAN
Construction-linked PSL Holdings Limited said on Tuesday that it is keen on investing in Indonesia's coal industry given its good growth potential and the positive outlook of the energy sector.
'This investment into the Indonesian coal business will provide an additional business leg for the PSL Group, and thus generate a stable and recurring income stream for the group,' Lee Cheng Peck, PSL's Group Managing Director said.
Mr Lee added that it will serve to boost PSL's earnings growth and help offset against the cyclical nature of the construction industry.
PSL will take a 11.5 per cent stake in Sindo Resources Pte Ltd, which will own PT Bubuhan Multi Sejahtera (BMS) - an Indonesian company with mining rights over at least 25 million MT of coal reserves in Sumatra, Indonesia.
Indonesian businessman, Charles Antonny Melati, will own 65 per cent of the total enlarged share capital of Sindo Resources.PSL will loan Mr Melati about US$3 million to fund his purchase of shares in BMS.(By
look out for coal news: we are waiting..........................http://www.theedgesingapore.com/component/content/37943.html?task=view
PSL plans to buy 99.9% stake in SWP,which holds a coal mining licence for a concession area in Indonesia, but said the consideration has not been determined. SWP holds a production operations mining business licence for a concession area of 2,127 hectare in Jambi Province, Indonesia. The concession has a term of 10 years starting from April 4, 2011.
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