In a statement to the Egyptian Exchange (EGX), the company said that it acquired 95% of PT CG Power Indonesia, which specialises in manufacturing electrical transformers in Indonesia.
After ratings agency Moody’s cut China’s sovereign credit rating, Asian shares have fallen and the Australian dollar skidded on renewed worries about the impact of rising debt in Asia’s economic powerhouse.China’s main stock index fell 1 percent on Wednesday, dragging the MSCI index of Asia-Pacific shares down 0.2 percent after Moody’s had slashed China’s credit …
