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Tembusu Partners invests US$7.5m in coal assets
It intends to list PMCR in an Asian location such as Singapore
Add BT as a preferred sourcePublished Thu, Jul 3, 2014 · 10:00 PM
SINGAPORE private-equity investor Tembusu Partners has invested US$7.5 million in a coal-resources company, with a view to listing the firm in an Asian location such as Singapore.
The investment in Singapore-registered Param Mitra Coal Resources Pte Ltd (PMCR) is the eighth made under Tembusu's Growth Fund II.
It is part of a $20 million investment underwritten by Islamic Bank of Asia (IB Asia), a joint venture between DBS Bank and prominent investors in the Gulf Cooperation Council.
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