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ENERGY & OFFSHORE | , Singapore

SGX gives Eneco Energy more time to hold 2018 AGM

Eneco Energy’s auditors asked for more time to complete the audit of the 2018 results.

The Singapore Exchange-Securities Trading (SGX-ST) said it has no objections to Eneco Energy’s application to extend the date for the company’s 2018 annual general meeting (AGM) to 31 May 2019, the company said in a filing.

Eneco Energy’s auditors Ernst & Young Indonesia (EY Indonesia) require more time to perform and complete the audit for the financial results for FY2018.

Moreover, EY Indonesia is unable to complete its audit of the company’s subsidiary, PT Hexindo Gemilang Jaya (Hexindo), as it is still trying to obtain audit work papers from Deloitte Indonesia, the auditors of Mandala Energy Lemang Pte. Ltd. (Mandala).

Mandala is the operator of the Lemang Production Sharing Contract, in which Hexindo has a 16% participating interest. 

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