DSSA forms power unit
Friday, January 23 2015 - 11:40 AM WIB
By Romel S. Gurky
IDX-listed mining firm PT Dian Swastatika Sentosa Tbk (DSSA) announced on Friday that two of its subsidiaries, namely PT DSSE Energi Mas Utama (99 percent owned by the firm) and PT DSSP Power Sakti (99 percent owned by the firm) set up a power subsidiay PT DSSP Power Kendari on January 21.
DSSE Power Sakti has 99.9 percent (59,900 of issued 60,000 shares) in the new firm with DSSP Energi Mas Utama holding the 0.1 percent (10 shares).
The new firm was formed to anticipate the development of new power projects, it said.
Editing by Johannes Simbolon