Virginia Businesses in the News


Divestitures

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

Asian American Coal Inc., a coal mining company headquartered in Richmond, sold part of its joint venture in a Chinese coal mine to Banpu Public Co., a mining company and power producer in Thailand. (Richmond Times-Dispatch)

Dominion Resources Inc. of Richmond, plans to sell the 26-megawatt naphtha-fired power plant in Hawaii to the Kauai Island Utility Cooperative for $40 million as a result of losing a $550,000 jury verdict in San Diego, Calif., Supreme Court. (Richmond Times-Dispatch)