Aluminium smelter Press Metal Aluminium (KLSE:PMETAL) has entered into agreements to subscribe for an 80% equity stake in PT Kalimantan Alumina Nusantara for 1.04 billion ringgit over the next year to form a JV firm, a Wednesday bourse filing said
PT Alakasa Alumina Refineri and PT Dinamika Sejahtera Mandiri will also hold 19.77% and 0.23% equity interest in Kalimantan Alumina Nusantara, respectively.
Under the JV project, Kalimantan Alumina Nusantara will form and operate an integrated alumina refinery plant, power plant, jetty, and supporting infrastructure in West Kalimantan, Indonesia.
The refinery is expected to have an annual output capacity of 1 to 1.2 million metric tons, with the potential to double production. The first phase of the project will cost $750 million.
Shares of the company closed nearly 2% higher on Thursday.
Price (MYR): $4.94, Change: $+0.090, Percent Change: +1.86%
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。