Behind Hanson’s gigantic coal deal
PT Hanson Energy wins 20-year low-rank coal supply deal for six coal-fired power plants at a combined value of US$3 billion, Detik.com reported. Who’s behind? Political connection?
Read MoreAuthor: yosefardi.com
Adaro performance
PT Adaro Energy (ADRO) Tbk is currently twice the size of PT Bumi Resources (BUMI) Tbk in terms of market capitalization. ADRO announced its 2008 operation activities where coal production increased 7% to 38.5 million tons while...
Read MoreASABA Group, so far
Remember the tragic death of Boedyharto Angsono? Looks like the family has left the tragedy behind. Asaba Group, controlled by Angsono family, has expanded its business significantly in recent years. Established in 1962 as...
Read MoreBakrie & Northstar: Erasing footprints?
PT Bakrie & Brothers (BNBR) Tbk announced a plan to issue convertible bonds worth Rp4.2 trillion to PT Northstar Pacific this month, convertible to up to 31.25% shares of BNBR. BNBR will issue 42.6 billion shares in April or May 2009 with exercise price of Rp100-110, Detik.com reported. Confused? Don’t worry, you’re not alone!
Read MoreBakrie & Northstar: No deal, new “deal”!
Northstar Pacific agreed to takeover US$575 million loan from Odickson Finance which will give indirect control over Bakrie & Brothers (BNBR) unit PT Bumi Resources (BUMI). It is not clear how many BUMI shares Northstar paid, nor the relationship with Bakrie Group.
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