Indika sets up new trading subsidiary
Friday, January 24 2014 - 12:32 AM WIB
By Romel S. Gurky
IDX-listed PT Indika Energy Tbk, through subsidiary Indika Capital Investments Pte Ltd, has set up a new subsidiary called PT Indika Energy Trading.
The company said in a statement to the Indonesia Stock Exchange Thursday that the new subsidiary will be engaged among others in the trading of coal.
Indika Energy Trading is 60 percent owned by Indika Capital Investments, and the remaining 40 percent by PT Mitra Paramarta Prima, the statement said.
Editing by Reiner Simanjuntak