Sep 21, 2010

Dayaindo secures Rp1 trio banks loan

PT Dayaindo Resources International Tbk (KARK) has secured Rp1 trillion loan facilities from 3 banks. The loan will be used by Dayaindo to acquire PT Belang Belang Coal Terminal which requires Rp1.5 trillion financing.
Dayaindo Corporate Secretary Endang Wijaya, as quoted by Kontan daily today, said the company has internally cash of Rp611 billion from rights issue.
Dayaindo is also considering to develop terminal in Mamuju, North Sulawesi which requires a total investment of Rp1.3 trillion. Contractor PT China Harbour Indonesia has been appointed to build the terminal.

Disclosure: No position at the stock mentioned above.

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