22 Jan 2020

Investment of a 25 percent stake in Bintan Alumina Indonesia (BAI)

Partners Cheng Yoke Ping, Chia Lee Fong and Cynthia Wu from Rajah & Tann Singapore acted for Bintan Alumina Indonesia (BAI) on the US$80.23 million investment by Malaysia-listed Press Metal Aluminium Holdings of a 25 percent stake in BAI, with the funding going towards a second phase of BAI’s aluminium oxide refinery project to double its capacity. The majority shareholder of BAI is an indirect subsidiary of Shanghai-listed Shandong Nanshan Aluminium.