Sanichi Technology Bhd has received a letter of intent from Guangxi Huayin Aluminium Co Ltd for the purchase of 150,000 tonnes of steam coal monthly for a year.

Sanichi in a filing with Bursa Malaysia said that “The company will need to seek out a total supply of 1.8 tonnes (of steam coal) for the year to satisfy demands from the buyer.”

The principal activities of the Company were to provide, regulate and maintain facilities for conducting the business of a securities exchange in Malaysia.

(Sourced from biz.thestar.com.my)