Thursday, March 24, 2011

Thoresen Thai to invest in Indonesian coal mining

Thai shipping firm Thoresen Thai Agencies plc will invest in a new company, Qing Mei Pte Ltd, to develop a coal mining project in Indonesia. Incorporated in Singapore, Qing Mei will be a partnership between Thoresen Thai's wholly-owned subsidiary Soleado Holdings Pte Ltd, Soleado associate Merton Group (Cyprus) and Britmar (Asia) Pte Ltd, with a share capital of $4.84 million.

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