Bayan sets up new Singapore coal trading unit
Wednesday, July 26 2017 - 01:16 AM WIB
By Romel S. Gurky
IDX-listed coal mining firm PT Bayan Resources Tbk announced Tuesday that its wholly-owned Singapore-registered subsidiary BR 1 Pte Ltd has set up a new subsidiary called Bayan Resources Asia Pte Ltd, also registered in Singapore.
Bayan said in a statement that that Bayan Resources Asia is 100 percent owned by BR 1 Pte Ltd.
The statement said the new subsidiary, which has paid-up capital of US$100, is engaged in among other things coal trading, consultation and management services.
The directors of Bayan Resources Asia are Low Yi Ngo, Alastair Christopher Gordon McLeod, Russell John Neil, and Oliver Khaw Kar Heng.
Editing by Reiner Simanjuntak