Noble unit investing in 3 Indonesian companies
Singapore
COMMODITY trader Noble Group is taking stakes in three companies which together will form a fuel storage, supply and distribution network in Indonesia's Sumatra and Java regions to meet demand from the palm oil, power, and mining industries.
The move involves its wholly owned Indonesian subsidiary, PT Equatorial Coal Abadi, subscribing for shares for a 51 per cent stake in PT Sriwijaya Inti Daya (SID) and a 49 per cent stake each in PT Sriwijaya Multi Terminal (SMT) and PT Karimata Baru Terminal (KBT).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Former PAP MP, minister of state retire as company directors
US: Wall St opens higher
Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses