Monday, April 16, 2007

Hashim Buy 50% Share Kiani

Hashim Djojohadikusumo Buy 50% share PT Kiani Kertas. Commissioner Kiani Luhut Binsar Pandjaitan told me that Hashim execute the transaction.

Subianto had planned to sell Kiani Kertas to investors to raise funds to repay an overdue bank loan of more than $200 million. The plan was canceled after brother Hashim Djojohadikusumo.

United Fiber System, a Singapore-based forestry company, said in September it planned to buy Kiani Kertas, with DBS Group Holdings Ltd. helping to raise the funds for the transaction.

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