PETALING JAYA: Sanichi Technology Bhd has clarified that there were no pricing details available yet for the supply of coal that it had secured under a recently announced deal with Indonesian company CV Permata Al Zahra, and conceded it had also yet to finalise any purchase agreement or identify a buyer for the coal supply.
The ACE Market company also said that it had yet to undertake any due diligence on Permata, as the owners were known to Sanichi managing director Datuk Dr Jacky Pang. It also had a good reputation in the coal trading marketplace in Indonesia for meeting its commitments.