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Taiheiyo Cement Corp signed an MoU on 21 April 2020 to invest US$220 million in PT Solusi Bangun Indonesia Tbk via a rights issue, and to cooperate on exports and technology sharing.
“The investment referred to in the MoU is related to the TCC's plan to make an investment in SMCB with SMCB of US$220m.”cemnet.com
Summarized from public sources; check the original articles before acting on it.