Coal miner Adaro Energy (ADRO) is eyeing power plant projects in Vietnam, Laos, Myanmar and other regional nations, looking to enter global market through its overseas investment arm Arindo Holdings, an affiliate of the company based in Mauritius. Arindo recently raised US$12.1 million from an initial public offering at the Stock Exchange of Mauritius. The Mauritius-based company put up 1.3 million shares or equivalent to 5 per cent of its equity, at $11.45 apiece.

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