Acting for China Bearing (Singapore) Ltd in Reverse Takeover

​We have been appointed to act for China Bearing (Singapore) Ltd. in its reverse take-over of PT Vasco Nusantara (“Vasco”), PT Millennium Danatama Resources (“Danatama”) and PT Millennium Mining and Resources (“Millennium Mining”).

Vasco holds a production operations mining business licence (“Production Operations IUP”) in respect of an iron ore mine in Sukabumi, Jawa Barat, Indonesia for an area of 687.4 ha.

Danatama holds an exploration mining business licence (“Exploration IUP”) in respect of an iron ore mine in Bengkayang, Kalimantan Barat, Indonesia for an area of 1,000 ha.

Millennium Mining currently holds Exploration IUP in respect of an iron ore mine in Lamandau, Kalimantan Tengah, Indonesia for an area of 5,923 ha and 7,003 ha.

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