4th Feb 2015 14:11
LONDON (Alliance News) - Asia Resource Minerals PLC on Wednesday said Wallace King has been appointed as its new chairman.
Bob Kamandanu, King's predecessor, stepped down earlier this month.
The company said it will also be seeking a meeting with shareholders of PT Berau Coal Energy to elect King as the President Commissioner of Berau. PT Berau is a subsidiary of Asia Resource Minerals.
Shares in the company were up 6.2% to 15.526 pence on Wednesday afternoon.
By Sam Unsted; [email protected]; @SamUAtAlliance
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