Indo Straits injects money to subsidiary
Tuesday, October 2 2012 - 01:59 AM WIB
By Ruli Setiawan
IDX-listed shipping and logistic firm PT Indo Straits Tbk announced that it injected additional capital of Rp180 billion into subsidiary PT Pelayaran Straits Perdana.
The statement to IDX said that Indo Straits will control 99.99 percent of Pelayaran Straits with the remaining of 0.01 percent held by Astuti.
PT Pelayaran Straits Perdana had in September 17 obtained contract from PT Transcoal Pacific worth US$11 million.
Editing by Adianto P. Simamora