Jul 14, 2011

Borneo Indobara gives loan to Golden

PT Borneo Indobara, wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) that is controlled by Sinarmas Group, has chanelled US$3.3 million loan facility to sister company PT Golden Energy Mines.
Hermawan Tarjono, DSSA Corporate Secretary, in an official statement to Indonesia Stock Exchange (IDX) today, said the facility will mature on July 31 2012 with annual interest rate of 8%. 
According to him, the facility will be used to develop coal business including infrastructure and supporting facilities. 

Disclosure: No position at the stock mentioned above. 

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