Wednesday, September 19, 2007

Reviews Addi Karya Ownerships in Jakarta Monorail

The SOE Ministry has reconsidered the involvement of PT Adhi Karya at PT Jakarta Monorail with ownership of 7,63% to rescue the company's investment.

With capital injection US$25 million from Adhi Karya, the company's ownership at the project has increased from 7.63% to 18.42%.

As PT Indonesia Transit Central did not take its right, the Adhi Karya's ownership pas increased to 21.83%.

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