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Resources Global Subsidiary Shifts to Investment Holding

Resources Global Subsidiary Shifts to Investment Holding

Resources Global Development Limited (SG:V7R) has released an update.

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Resources Global Development Limited announces a shift in its subsidiary PT Deli Niaga Sejahtera’s operations from coal trading to investment holding, following the acquisition of a majority stake in PT Deli Pratama Batubara. This strategic move is expected to enhance the Group’s direct coal sales capabilities through PT Deli Pratama Batubara’s mine in Central Kalimantan.

For further insights into SG:V7R stock, check out TipRanks’ Stock Analysis page.

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