VIVAnews - A foreign company are reported of looking at the chance to cooperate with PT Ancora Resources Indonesia Tbk (OKAS) to build up coal business.
"The foreign company is set forth as being offered shares in the company's subsidiary," a VIVAnews anonymous source said on Thursday, March 18.
A director at Ancora Resources, Meliza Musa, acknowledged that some parties have intended to team up with Ancora.
"But this shouldn't be exposed publicly in the first place. Next week would be the perfect time to announce it," the source told VIVAnews on Friday, March 19.
As reported, PT Ancora Resources owns OKAS-coded shares by 22 percent, Pictet and Cie S/A Burgundy Assets Corp by 12 percent, and UBS AG Singapore S/A Summer Harvest Pte by 17 percent as per February 28, 2010.
On Thursday's trading, OKAS was down IDR5 (1.51 percent) at IDR325 in the closing trading.
Earlier, Ancora Resources gained loans by US$21 million from PT CIMB Niaga Tbk.
In line with the loans, the company guarantees the ownership to its subsidiary PT Bormindo Nusantara.
Ancora Resources Managing Director Dharma Djojonegoro said the loans were only required in September 2009, having the tenure of six years.
"We guarantee 60 percent of share ownership in Bormindo," said Dharma.
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Translated by: Bonardo Maulana W
