PT Golden Eagle Energy Tbk (“GEE” or “SMMT”) is a listed holding company of operating coal mines with huge coal reserves in Sumatra and Kalimantan.
GEE was established in 1980 under the name of PT The Green Pub with its main business activities in the restaurant and entertainment sector. Over time, GEE underwent various policy and business strategy changes, including name changed to PT Setiamandiri Mitratama that focused on restaurants and entertainment sector, PT Eatertainment International Tbk for the opportunities in the national restaurant and entertainment industry. In 2012, GEE changed its name to PT Golden Eagle Energy Tbk, transforming into mining business sector and acquired a coal mining concession namely PT Triaryani (“TRA”). TRA is located in South Sumatra and commenced coal mining operations and commercial marketing in 2014.
GEE conducted its initial public offering on the Surabaya Stock Exchange on 29 February 2000 (ticker coder: SMMT).
On 18 October 2023, GEE was acquired by Geo Energy Resources Limited, a publicly traded company on the Mainboard of the Singapore Stock Exchange (ticker code: RE4), with a share ownership of 73.11%. The remaining 25% of equity shares were owned by PT Golden Prima Energy. Through the acquisition, Geo Energy has since become the Controlling Shareholder of the Company and aims to build a strong platform of growth for the Company in the coming years.
Logo as a symbol of the company
The Company’s logo contains deep inspiration from the phrase “holding the world in the palm of your hand.” Globe becomes the symbol that articulates the essence of the Company as the holding company. The combination of strokes forms a collection of lines that resembles a hand grip, indicating the Company is a global company supporting all operational activities of its subsidiaries.