Golden Energy sets up China coal trading unit

Tuesday, April 14 2015 - 01:17 AM WIB

By Ruli Setiawan

IDX-listed Golden Energy Mines Tbk announced Monday it has set up a new subsidiary called Shanghai Jingguang Energy Co. Ltd. in Shanghai which will be engaged in coal trading in China.

The company said that the new wholly owned subsidiary has a capital of RMB 30 million. No further details were provided.

Editing by Reiner Simanjuntak

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