China Qinfa Group (HKG:0866) unit PT Sumber Daya Energi agreed to sell 210,000 metric tons of Indonesian steam coal to Zhejiang Energy Asia Pacific, a Jan. 24 bourse filing said.
The coal will be delivered in evenly spread shipments between January and March.
Transactions under the contract are capped at $112 million.
Zhejiang Energy Asia Pacific is a substantial shareholder of Lead Far Development, an indirectly non-wholly owned subsidiary of mining firm China Qinfa. Lead Far Development indirectly owns a 75% stake in PT Sumber Daya Energi.
Shares of the company were up over 1% in recent trade.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。