Apr 22, 2011

Truba, Daewoo sign US$8.5 mio contract

PT Truba Jaya Engineering, subsidiary of PT Truba Alam Manunggal Engineering Tbk (TRUB), has signed a construction services worth US$8.50 million with Daewoo Engineering Company.
Truba Jaya will provide construction services for mechanical and erection of steam-fired power plant Merak with capacity of  2x60 MW.
Truba Manunggal is not a controlling shareholder in PT Truba Power Indonesia.
Altitude Premier Index now controls 99.71% shareholding in Truba Power, while Truba Manunggal's stake has shrunk to 0.0003% from 99.9%.

Disclosure: No position at the stock mentioned above. 

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