KUALA LUMPUR: Press Metal
Aluminium Holdings Bhd has proposed to sell 25 per cent or 3.86 million of its shares in PT Bintan Alumina Indonesia (PT BAI) to Hong Kong Prime Aluminium Investment Limited (HK PAI) for US$329.80 million (RM1.55 billion).
HK PAI is wholly owned by Nanshan Aluminium International Holdings Ltd (NAIHL).
