Monday, July 30, 2018

Baker Tilly client Silkroad Nickel debuts as first nickel mining company to list in Singapore

SINGAPORE, 30 July 2018 - Baker Tilly congratulates Silkroad Nickel Ltd on being the first nickel mining company to list on the Singapore Exchange (SGX).

Indonesia-based Silkroad Nickel was listed through the reverse takeover (RTO) of China Bearing (Singapore) by a subsidiary of Singapore-incorporated Far East Mining Pte Ltd and has held a mining business licence for a 1,301-hectare mining concession area in the Central Sulawesi since 2009. It is primarily engaged in the exploration, mining, production and sale of nickel ore.

The company engaged Baker Tilly as its reporting accountant and statutory auditor.

Said Silkroad Nickel CEO, Hong Kah Ing: "We highly recommend Baker Tilly for cross-border public offering services. In addition to possessing a good understanding of our business, they were able to collaborate with their Indonesian counterparts to ensure a smooth and seamless process in getting our company to list successfully on the SGX."

Said Silkroad Nickel Head of Finance, Chong Wan Ling: "Today marks a key milestone for our company and we are glad to have engaged our reporting accountant and statutory auditor, Khor Boon Hong and his team at Baker Tilly as part of our journey in getting listed on the SGX. The team was committed at every stage of the listing process and owing to their advice, we were able to adhere to the rigorous listing requirements of the SGX and time to market."

About Baker Tilly TFW

Baker Tilly TFW is one of the 10 largest accountancy and business advisory firms in Singapore. Our expert team provides a comprehensive range of services to businesses, including assurance, tax, deal advisory, governance and risk, restructuring and recovery, outsourcing, and corporate secretarial services. Our diverse client base ranges from family-owned businesses to listed companies and multinational organisations in a variety of sectors. To learn more, visit www.bakertillytfw.com.

About Silkroad Nickel Ltd.

Silkroad Nickel is principally engaged in the exploration, mining, production and sale of nickel ore. The Group has been granted a Production Operations IUP to conduct nickel mining operations at the MCA located in Morowali, Sulawesi Tengah, Indonesia.

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