Grandway Group Ltd., the joint venture company of Basic Energy Corp. and Petrosolve Sdn Bhd, recently bagged the approval of the registration of its investment in a foreign holding company to be established in Jakarta, Indonesia, named PT. Basic Energi Solusi.

Grandway Group, which was established in Hong Kong in the first quarter of this year, obtained the registration approval for the establishment of PT. Basic Energi Solusi from the Badan Koordinasi Penanaman Modal (BKPM) of Indonesia.

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