Wednesday 7 December 2011

Sanichi Tech eyes pact with FIRC Trade

Sanichi Technology Bhd, a precision-moulds maker, plans to form an alliance with FIRC Trade (Malaysia) Sdn Bhd to venture into the business of minerals mining and supply, it said in a statement to the stock exchange today.

Sanichi has secured at least 3 million metric tons of coal supply a year from Indonesia’s CV. Permata Al Zahra, Sanichi said in a separate filing. The contract will last two years beginning Dec. 6, it said. -- Bloomberg



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