Tjiwi Kimia acquire 60% shares of Sumalindo Hutani

PT Tjiwi Kimia acquires 60% stake in PT Sumalindo Hutani Lestari Jaya, subsidiary of PT Sumalindo Lestari Jaya Tbk.
Director of Sinar Mas Group, Yan Partawijaya told this plan will be realized if it is approved by the Department of Forestry and the general meeting of shareholders Sumalindo Lestari.
"For us, the transaction is not necessarily material. This transaction make us to control Sumalindo subsidiary, Sumalindo Hutani ," he said today.
Sumalindo Hutani, 40% shares owned by Inhutani and 60% by Sumalindo Lestari.
Sinar Mas Group had PT Lontar Papyrus, PT Pindo Deli, PT Univenus, Indah Kiat, and Tjiwi Chemistry.
In a report to the Singapore stock exchange authority, management Samko, the parent company name Sumalindo Lestari excess stock sales value Sumalindo Hutani, following a debt burden with Sumalindo Lestari.