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HPRP Congratulates Silkroad Nickel Ltd. as the First Nickel Company Listed on SGX

August 1, 2018

HPRP congratulates one of its valuable clients, Silkroad Nickel Ltd., formerly known as China Bearing (Singapore) Ltd., on the important milestone of the company’s listing on Singapore Exchange (SGX) Catalist Board (30/7). The company had transferred its listing from SGX’s Main Board to the Catalist Board following completion of the reverse takeover of the company by FE Resources Pte. Ltd. The listing was officially announced in SGX under the stock code “STP”. Great to be noted, the company is the first nickel mining company to be listed on SGX.

In this formal process, the HPRP team, led by Partners Al Hakim Hanafiah and Maurice Maulana Situmorang, assisted by Associate Lawyers, Akbar Bayu Adisono Putro and Randy Suwenli, had given assistance to the company in preparing the required and necessary documents for the listing.

Silkroad Nickel Ltd conducts its business primarily in exploration, mining, production and sale of nickel ores. The group holds the mining business license to carry out nickel ore mining operations in Morowali, Sulawesi Tengah, Indonesia, and aims to be the nickel “supermarket” for mega-billion-dollar smelter projects in Sulawesi, as stated by Mr. Hong KahIng, the group’s CEO, in his listing ceremony speech.

With its extensive expertise in the resources and mining sector, HPRP has been successfully assisting corporations in the industry. Please contact the Partner-in-charge by phone at +6221-5701837 or email at hplaw@hplaw.co.id for further details.