Tata Power is raising up to US$1.2 billion in the market to finance its acquisition of 30% shares in PT Kaltim Prima Coal, PT Arutmin Indonesia, Indocoal, Indokalsel, and Indokaltim. Meanwhile Bumi Resources would issue US$300...
Read MoreChemical distributor and manufacturer PT Lautan Luas Tbk is expanding its chemical business with the establishment of a new JV with Hongze Yinzu Chemical to produce ammonia in Hongze, China, the company told JSX late last week....
Read MorePT Kaltim Prima Coal, the largest coal mining in Indonesia, reported 97% drop in net profit last year, mainly due to significant drop in operating margin. The company’s operating profit decreased 54.7% last year to USD58.6...
Read MoreState-owned airline company PT Merpati Nusantara Airlines (MNA) has entered into a JV cooperation with PT E-Capital Securities and US-based Air XL Inc to develop an air transportation consulting business. The three companies...
Read MoreAfter weeks of speculation about the deal between Tata Power and PT Bumi Resources Tbk, the listed parent company of KPC & Arutmin finally announced part of the SPA today. What’s inside the US$1.1 billion deal? Bumi...
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