The State Assets Management Corporation (PPA) decided to reopen the tender on the assets credit of Texmaco Group by splitting the divisions of textile and engineering.
The President Director of PPA Mohammad Syahrial said the company will reopen the tender in the next two months.
"We will reopen the tender on the asset credit of Texmaco. We have asked for approval from Finance Minister," he told when I meet him, yesterday.
He said that investor, especially those who are interested in engineering or textile industry, will get the opportunity to buy the assets.
PPA has decided that there is no winner on the auction to offer the loan of IDR29.37 trillion as the offering price has been too cheap compared with the one required by Finance Ministry.
PPA, at that time, got some offers from PT Cipta Raharja Investama BV, Bhakti Asset Management, and Amerasia Internasional Ltd.
Sunday, March 11, 2007
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