Phnom Penh (FN), Oct. 21 – OV9 Infinity Limited, a dynamic commodities trading company in Southeast Asia, is pleased to announce the formal acquisition of a 15% stake in a gold mine located in Lalundu Village, Dolo District, Donggala Regency, Central Sulawesi Province, Indonesia, through PT Mega Artha Lestari and PT Resources Energi Indonesia. Valued at USD10 million, the acquisition has been fully paid, with all documents signed and received, officially confirming Oum Valentin and OV9 as the owners of this strategic stake in one of Indonesia’s most gold-rich regions.
This acquisition aligns with OV9’s broader strategy to enhance ASEAN’s economic development and expand its presence in the region’s essential commodities market. The 1,520-hectare gold mine is poised for a substantial increase in production capacity, with plans to utilize advanced technology and machinery, potentially increasing output from 5 kg to at least 100 kg of gold per week.
New Funding Fuels OV9’s Comeback and Future Expansion This acquisition is not just a milestone for OV9 but also a symbol of Oum Valentin’s resilient comeback after navigating significant financial challenges. The company has secured an undisclosed but substantial equity investment from a major Singaporean trust fund, which remains silent but strategic in nature. This new funding has been pivotal in stabilizing OV9’s operations, enabling the completion of the acquisition, and positioning the company for further expansion across the ASEAN region.
Oum Valentin, Chairman of OV9 Infinity Limited, stated, "We are delighted to confirm that OV9 now holds a 15% stake in the Central Sulawesi gold mine. This investment is a testament to our commitment to advancing ASEAN’s resource potential while maintaining high standards of transparency and collaboration. The recent equity investment from our trust fund partner in Singapore has been instrumental in fueling OV9's growth trajectory. This is just the beginning of our journey to capitalize on similar opportunities across the region.”
Next Steps: Activating Credit Lines and Expanding the Portfolio to fully unlock the potential of this investment, OV9 Infinity Limited is now focused on activating a Standby Letter of Credit (SBLC). This credit line is essential to secure additional funding for equipment upgrades and operational scaling, ensuring efficient production increases and improved cash flow management. The SBLC will further facilitate the acquisition of similar assets, enabling OV9 to invest in high-growth mining ventures across Southeast Asia.
Vision for Continued Growth: Beyond Central Sulawesi
*Broader Mining Investments: OV9 is actively exploring additional acquisitions and investments in gold, energy, and other essential commodities across the ASEAN region. The purchase of 15% of PT Mega Artha Lestari and 15% of PT Resources Energi Indonesia is only the start of OV9’s aggressive expansion strategy.
*Increased Production Capacity: The focus remains on leveraging advanced technology to enhance production, with immediate plans to ramp up output at the Central Sulawesi mine from 5 kg to at least 100 kg of gold per week.
*Sustainable Growth: OV9’s strategy emphasizes responsible mining practices and a commitment to regional development, aligning with ASEAN’s broader economic goals.
Strategic Partnerships and Equitable Returns
OV9 extends its sincere gratitude to Yupi Haryanto, Honorary Ambassador to the Royal Families of Indonesia, and Felisia Candra Kirana Evans, whose unwavering support was instrumental in this acquisition. Both are now valued shareholders of OV9, reflecting a shared vision for unity and growth within ASEAN.
The dividends from this venture will be distributed either weekly or monthly, based on mutually agreed terms that ensure all parties benefit equitably from the increased production and revenue.
For further information or inquiries, please contact: Press Contact Sophia Ismail - OV9 Infinity Limited +855(0) 11 20 20
70 [email protected] www.ov-infinity.com
About OV9 Infinity Limited
OV9 remains committed to transparency, strategic financial management, and fostering long-term partnerships. OV9 Infinity Limited is a pioneering commodities trading company specializing in essential goods like diesel, urea, and miningresources across Southeast Asia. Originating from Oum Valentin’s investment firm in Cambodia, OV9 has evolved into a robust entity known for its government partnerships, innovative supply chain solutions, and commitment to regional growth.
=FRESH NEWS
