Leo Investment signs $17.5m coal purchasing deal with Lion Power
Tuesday, May 6 2014 - 03:44 PM WIB
By Romel S. Gurky
IDX listed PT Leo Investment Tbk announced on Tuesday it had elevated its Memorandum of Understanding (MoU) with PT Lion Power Energy to Sales and Purchase Agreement (SPA) under which the former will offtake coal worth US$17.5 million from the latter
The SPA will be effective from March 1, 2015 through Feb. 28, 2017, the company said in a statement filed with the Indonesia Stock Exchange.
The firm did not provide further details.
Editing by Johannes Simbolon