Harum to acquire 50% share of KUP
Tuesday, October 2 2012 - 05:39 AM WIB
By Harry Roy Gunawan
IDX-listed PT Harum Energy Tbk has signed conditional sale and purchase agreement with PT Karya Wijaya Aneka Mineral to acquire 50.5 percent shares worth US$2 million of PT Karya Usaha Pertiwi (KUP).
KUP, a coal mining company in East Kalimantan, is a subsidiary of Karya Wijaya Aneka Mineral
The company in its statement to the IDX said that the acquisition is expected to be completed within the next few weeks.
Editing by Adianto P. Simamora