Monday, October 12, 2009

Bhakti Energy delay IPO

PT Bhakti Energi Persada, delay the plan to sale shares in market (initial public offering/IPO) to next year from December. Bhakti Energy own four coal mines
Bhakti Energy plan to sell 20 percent of its shares in an initial public offering in December. The company, controlled by PT Triputra Investindo Arya and PT Persada Capital Investama, plans to use the proceeds to increase production.

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