Another Round of Confusion at KPC
Thirty-one percent of the shares in Kaltim Prima Coal have fallen into the hands of PT Melati Intan Bhakti Setya. The transaction, however, is considered somewhat improper and has aroused suspicions.
November 12, 2002
SEVERAL senior officials at Kaltim Prima Coal (KPC) were astonished to read the news that 31 percent of the shares in KPC had been sold to PT Melati Intan Bhakti Setya. This news, which was reported in several newspapers on Tuesday last week, was really rather startling. Why? Because "we first knew of this decision when we read about it in the press," said Anang Riskani Noor, a Deputy Director of the company. Feeling hard done by and somewhat
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