Others News
- Adaro chairman unaware of Shenhua's bid
Date: 27-Nov-2007 Sources: (Shenzhen Daily)
PT Adaro Indonesia said yesterday that it's unawere of any plan by China Shenhua Energy Co. to bid for a controlling stake in the Indonesian coal company.
The South China Morning Post reported yesterday that Shenhua Energy, China's largest integrated coal producer by output, is planning a prospective US$4 billion bid for a controlling stake in Indonesia's second-largest coal producer by output. 'It's not true,'Adaro's chairman Edwin Soeryadjaya said. 'Until now, I don't know of such plan.'
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