VIVAnews - Indian power company is making its way of acquiring PT Dayaindo Resources International Tbk (KARK).
According to a VIVAnews anonymous source, India's National Termal Power Corp has intended to be shortlisted in the majority shareholders of Dayaindo because the company has been offered projects of coal supply from Indonesia or overseas countries.
"It is reported that the top Indian power company is negotiating about the price with one of the shareholders in KARK," he said on Monday, Nov 30.
Dayaindo Resources Corporate Secretary Endang Wijaya replied as confirmed that the company's management has yet to receive any notice from the shareholders concerning the plan.
However, the anonymous said the information will later be conveyed to either the stock authority or the public if an official statement has been circulated by the company's shareholders.
As per October 31, 2009, Alberta (Intl) PTE Limited owned KARK-coded share by 10 percent while Manhattan Asset Management Indonesia by 24 percent.
According to a security analyst Robin Setiawan, KARK is now growing and expanding. "There will certainly be local or global investors which will be interested in the company," he said.
Moreover, global demand on coal is increasing.
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Translated by: Bonardo Maulana Wahono
