ITMG sets up new power subsidiary

Thursday, September 29 2016 - 01:38 AM WIB

By Romel S. Gurky

IDX-listed coal mining firm PT Indo Tambangraya Megah Tbk (ITMG) said on Thursday it has set up a new subsidiary called PT ITM Banpu Power.

The company said in a filing with the Indonesia Stok Exchange that the new subsidiary will be engaged in power plant sector. No further details were provided.

Editing by Reiner Simanjuntak

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