Mar 14, 2011

Bukit Uluwantu sets up joint venture

Hotel chain operator PT Bukit Uluwatu Villa Tbk has set up a new joint venture company with PT Lentera Cemerlang Indah on March 10 2011.
In an official statement filed to Indonesia Stock Exchange (IDX) today, Bukit Uluwati and PT Lentara Cemerlang Indah controls 60% and 40% stake in the joint venture company dubbed PT Bukit Lentara Sejahtera.
The joint venture company intends to build a hotel.
To support the hotel establishment, Bukit Lentera Sejahtera has entered into a cooperation agreement with PT Danayasa Arthatama Tbk on March 10 2011. Bukit Lentera aims to build a hotel at Lot 11 of Sudirman Central Business District.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: