World Impact Media Organization reports that Prime Group, an international investment platform headquartered in Singapore, has received a committed proposal for a SGD 220 million Share Subscription Facility from GEM Global Yield LLC SCS (GEM), a global alternative investment firm.
The facility follows Prime Group’s recently announced equity commitments and is viewed as a further indication of investor confidence in the company’s asset-backed growth strategy and its objective to list on the Singapore Exchange (SGX) in 2026.
Flexible Capital Access Structure
Under the proposed agreement, Prime Group may draw down capital at its discretion by issuing new ordinary shares to GEM, with pricing linked to prevailing market levels. The facility is designed to provide Prime Group with flexible access to working capital as it progresses its expansion and public listing plans.
Support for Strategic Priorities
Prime Group has stated that proceeds from the facility are intended to support key initiatives, including:
– Acquisition and development of oil and gas assets in Africa
– Expansion of its non-operator investment model in partnership with international industry participants
– Continued preparation for its reverse takeover (RTO) transaction and targeted SGX listing in 2026
Comments from Prime Group Leadership:
Prime Group Chairman and CEO Karim Bouhout described the proposal as an endorsement of the company’s development strategy, noting that the facility provides additional financial flexibility as the Group strengthens its portfolio ahead of its planned public market entry.
Company Backgrounds
Prime Group
Prime Group is a Singapore-based investment and trading platform focused on energy, mining, and agricultural projects across Africa. The Group operates under a partnership-driven, non-operator model aimed at building value-added production and processing capacity in-continent. Prime Group is currently pursuing an RTO listing on the Singapore Exchange, targeted for 2026.
GEM Global Yield LLC SCS
GEM Global Yield LLC SCS is part of the Global Emerging Markets (GEM) group, a multi-billion-dollar alternative investment firm providing structured capital solutions to growth-stage businesses worldwide.
Forward-Looking Information
This announcement contains forward-looking statements relating to Prime Group’s strategic plans and future financial performance. These statements are subject to various risks and uncertainties, including market conditions, completion of definitive agreements, and regulatory approvals. Actual results may differ from those indicated.
