According to SGX RegCo, BlackGold Natural Resources failed to update investors on material developments involving its sole operating business, a coal mine in Indonesia.
SGX RegCo has publicly reprimanded directors of BlackGold Natural Resources (SGX:41H
) for flouting listing rules, where among others, for failing to put in place effective internal controls and for not making timely disclosures.
The directors named are executive director and CEO Andreas Rinaldi, independent directors Lim Chee San and Bangun Madong Parulian Samosir, and also CFO Suherman Budiono.
