Golden Eagle announces affiliated transactions
Thursday, February 5 2015 - 02:46 AM WIB
IDX-listed coal miner PT Golden Eagle Energy announced Wednesday a couple of affiliated transactions conducted by its subsidiaries.
First, Golden Eagle said in a statement that its more than 99 percent-owned subsidiaries PT Naga Mas Makmur Jaya and PT Rajawali Resources signed on January 13 an agreement, under which PT Naga sold 80 percent of its stake in PT Mega Raya Kusuma to PT Rajawali Resources for Rp 135.21 billion.
The two companies also signed another agreement, under which PT Rajawali sold 85 percent shares in PT Triaryani to PT Naga Mas for Rp 20.15 billion.
Golden Eagle also said that on January 27, PT Naga Mas and PT Rajawali Resources signed another agreement, under which the latter company sold PT Triaryani receivables worth Rp 123.41 billion to PT Naga Mas.
Editing by Reiner Simanjuntak