I think it is worthwhile to add (correct me if I'm wrong) that GEAR is 87% owned by PT Dian Swastatika Sentosa Tbk, which itself is 60% owned by Sinar Mas, one of the largest Indonesian conglomerates which has interests in various industries, including coal. It is encouraging that Sinas Mas, which now has a look through interest of c.8% in AHQ, is continuing to creep up the register, obviously seeing value in AHQ!
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