Mitra Investindo eyeing coal mines acquisition
Thursday, July 9 2009 - 02:29 AM WIB
IDX-listed firm granite producer PT Mitra Investindo Tbk will spend up to US$70 million to acquire coal mines in Sumatra and Kalimantan.
President Director Herman Setya Budi was quoted by media as saying that the acquisition might be completed by the end of this eyar or early next year.
He did not give further detail, but said that acquisition would be financed mostly from right issue. (*)