AcroMeta unit receives undertaking linked to potential Indonesian nickel entry
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AcroMeta Group Limited's subsidiary, AcroMeta Minerals Pte. Ltd., has received a deed of undertaking for a potential entry into Indonesia's nickel sector. This includes an option to acquire a 51% interest in CV Hastora Raya, which holds a nickel mining concession in Central Sulawesi. The transaction aligns with AcroMeta's strategy in the nickel value chain, driven by demand from stainless steel and energy transition applications. The company advises shareholders to exercise caution as discussions are ongoing, but the transaction is not expected to materially impact earnings or net tangible assets this financial year.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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