New of Corporates Action for Investors, Analysts, and Traders|Sunday, January 6, 2013
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Oil & Gas

Mitra Resources sells Apexindo to Tuscany

PT Mitra International Resources Tbk (MIRA) finally disposes 93.35% shareholding in Sabre Systems International Pte Ltd, losing its precious assets of drilling company PT Apexindo Pratama Duta Tbk, to Tuscany Investment Group Pte Ltd at US$40 million. Corporate Secretary Imaculata Tri Marianti at Mitra Resources today said the company entered into a sale and purchase Full Article

Medco to launch US$300 mio CB

Oil and gas producer PT Medco Energi Internasional Tbk (MEDC) is keen to issue US$300 million convertible bonds with collateral of its treasury stocks of 11.7% in the second quarter of this year. Medco Finance Director Cyril Noerhadi said the company plans to develop six oil and gas projects in the next 3 years with Full Article