Commissioner Lim Soon Huat at coal miner PT Adaro Energy Tbk, led by Garibaldi Thohir, reported a purchase of 300,000 shares at Rp1,830 a share worth Rp549 million.
Corporate Secretary Devindra Ratzarwin at Adaro, in an official statement to Indonesia Stock Exchange (IDX), said the shares purchase is intended as investment.
Lim Soon Huat was appointed as commissioner of Adaro in October 2008. He experiences in financial and corporation management for 10 years at several companies under Kuok Group in Singapore, Thailand, Hong Kong, and China.
He is president director of PT Pundi Kencana, a 51%-owned subsidiary of FFM Group, a business unit of PPB Group Bhd, Malaysia. He was acting as director of Shangri-La Hotel Public Co Ltd.
Disclosure: No position at the stock mentioned above.
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