VIVAnews – PT Adaro Energy (ADRO), through its subsidiary PT Alam Tri Abadi, intends to acquire PT Maritim Barito Perkasa stock of which is estimated to reach Rp 250 million (US$26,469) in value.
Meanwhile, Orchard Maritime Logistics Pte. Ltd., Adaro’s subsidiary located in Singapore will transfer most of its assets to Maritim Barito Perkasa.
Adaro Energy’s corporate secretary and director Andre J. Mamuaya stated in a written statement publicized on Tuesday, Oct. 6, that the corporate actions are based on the transportation minister regulation that states domestic shipment must use Indonesian-flag carriers’ service.
Maritim Barito Perkasa is a national shipment company located in Jakarta.
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Translated by: Ariyantri E. Tarman
