Aug 23, 2011

Surya Semesta sells 200 ha land bank

Property development and industrial land provider PT Surya Semesta Internusa Tbk (SSIA) has sold 200 hectares of its industrial land in the first 8 months of this year.
The company manages a business of industrial land in Karawang, West Java, from its subsidiary dubbed PT Suryacipta Swadaya.
Post the sale of 200 hectares, Surya Semesta's total industrial land is 522 hectares, consisting of land bank for the first and second phases of 122 hectares and the third phase.
The company is holding a land clearing to support the third phase. It expects to complete the land clearing in the last quarter of this year.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: