JAKARTA (Yosefardi) – PT Inovisi Infracom Tbk (INVS) plans to acquire coal mining company in Kalimantan in July this year which costs US$40 million, equivalent Rp452 billion.
The company plans to issue exchangable bonds worth US$70 million or Rp791 billion next month, through its unit Code Wireless Pte Ltd.
This acquisition will boost the company’s net profit by 90% this year. Last month Inovisi acquired PT Cakra Daya Energy for Rp97.7 billion.