Shares of Moya Holdings Asia Ltd ended lower by 0.85% to S$0.116 on SGX Tuesday. That means Moya, controlled by Salim Group, has gained more than 100% since early this year. Acquisition of indirect shareholding in PT Aetra Air Jakarta for US$92.87 million lifted Moya’s market value to S$325 million. But, what the Supreme Court’s verdict, i.e. ordering the government to end cooperation agreement with Aetra, means for Moya/Salim?To subscribe please click here
