UniFiber RTO bodes well for Sinar Mas unit

THE reverse takeover of an Indonesian coal mine by forestry and pulp group United Fiber System will create more investment opportunities for the coal mine's parent group PT Dian Swastatika Sentosa TBK (DSS) and transform it into a regional Asian player, DSS said.

The Indonesia-listed firm, an energy and infrastructure holding company of the Sinar Mas group, said in a notice to shareholders that the transaction will give DSS and its subsidiary PT Golden Energy Mines (Gems) - which will be subsumed under UniFiber - access to greater an…