Apr 21, 2011

INKP, FASW invited to tie up Kertas Kraft

PT Perusahaan Pengelola Aset (PPA), a state-owned company which manage the country's assets, is offering 18 potential investors to tie up with the state paper producer PT Kertas Kraft Aceh.
Two publicly listed paper makers PT Indah Kiat Pulp & Paper Tbk (INKP), an affiliated company of Sinarmas Group, and PT Fajar Surya Wisesa Tbk (FASW), are in the invitation list.
"We have invited 12 local investors, one of them is Indah Kiat, Fajar Surya, and Riau Andalan Pulp & Paper," said PPA Corporate Secretary Renny Rorong yesterday as quoted by Investor Daily today.
PPA has sent out invitations to six foreign investors. "Two foreign investors from Chinese and Middle East have showned interest."
Disclosure: No position at the stock mentioned above.

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