The Business Times
business-time-50
SUBSCRIBERS

Geo Energy acquires majority stake in two Indonesia coal mines for US$25m

It will pay with existing cash; long-stop date for completion is Dec 31, 2019

google-preferred-sourceAdd BT as a preferred source

Ng Ren Jye

Published Mon, Sep 23, 2019 · 09:50 PM

Singapore

COAL producer Geo Energy Resources has acquired a majority stake in two South Sumatra coal mines for US$25 million.

It will buy PT Titan Global Energy (TGE) from PT Titan Infra Energy (TIE) and its affiliate, PT Jaya Utama Indonesia (JUI).

Geo EnergyIndonesia

TRENDING NOW

Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

Onitsuka Tiger has been a key growth driver for Asics in recent years.

Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise

The site in Peck Hay Road can yield about 315 private homes, according to URA.

CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot

DeepSeek’s rapid global rise proves that elite Chinese AI talents do not have to work for American companies to achieve massive success.

The returnees: Inside China’s AI talent reversal

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More