Geo Energy’s subsidiary PT Mitra Nasional Pratama incorporated PT Geo Online Indonesia to invest in e-commerce trading in Indonesia, with an authorized capital of Rp10 billion and issued and paid-up capital of Rp2.5 billion. The proposed investment will represent the Group’s first foray into non-coal related business since its establishment in 2008, and to invest in the thriving e-commerce sector in Indonesia.
