Sulawesi Selatan, Indonesia Oct 27, 2024 (Issuewire.com) - OV9 Infinity Limited (OV9), a leading commodities trading company based in Hong Kong and operating across Southeast Asia, is pleased to announce the acquisition of a 15% stake in a gold mine located in Lalundu Village, Dolo District, Donggala Regency, Central Sulawesi Province, Indonesia. The acquisition was made through partnerships with PT Mega Artha Lestari and PT Resources Energi Indonesia, marking a significant expansion of OV9’s presence in the region's essential commodities sector.
The total investment for the acquisition amounted to $10 million, which has been fully paid. This transaction grants OV9 strategic ownership of the 1,520-hectare gold mine. The gold mine is currently producing 5 kg of gold per week, with a targeted increase to 100 kg per week through the deployment of advanced technology and upgraded machinery financed by OV9. To support this expansion, OV9 is activating a credit line to secure additional funding for equipment upgrades and operational scaling.
This acquisition aligns with OV9’s broader vision to drive economic development across ASEAN by fostering innovation in the supply chain and strengthening ties with regional governments. OV9’s Chairman, Valentin Oum, emphasized:
"OV9 Infinity is dedicated to transforming the ASEAN commodities sector by building a robust network of essential goods trading, strategic partnerships, and innovative financing solutions. The acquisition of this Indonesian gold mine is a testament to our commitment to supporting the region’s economic growth and promoting sustainability through responsible resource development."
The deal is part of OV9’s expansion strategy, which focuses on essential commodities such as diesel, urea, metals, and mining assets. OV9’s operations are supported by a strong network of government connections, privileged access to key contracts, and comprehensive financing solutions such as Letters of Credit (LCs) for SMEs, which are often underserved in traditional banking systems.
Looking ahead, OV9 aims to foster growth by supporting small and medium enterprises (SMEs) in Southeast Asia, driving investment in infrastructure, and enhancing ASEAN’s global competitiveness through supply chain innovation. The company is actively pursuing further acquisitions in mining and commodities trading to bolster its regional presence.
About OV9 Infinity Limited
OV9 Infinity Limited, headquartered in Hong Kong, is a leading commodities trading firm specializing in essential goods such as diesel and urea across Southeast Asia. Originating from Oum Valentin's investment firm in Cambodia, OV9 operates with direct government contracts, innovative financing solutions, and strong ties with influential stakeholders across ASEAN. OV9’s vision is to be a bridge between ASEAN and global investors, transforming supply chains and facilitating regional development
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