Sep 16, 2011

Agung Podomoro buys Alam Hijau

Property developer PT Agung Podomoro Land Tbk (APLN) has acquired PT Alam Hijau Teduh at Rp56 billion.
President Director Trihatma Kusuma Haliman, as quoted by Bisnis Indonesia, said Alam Hijau has managed 21 hectares of land in West Jakarta. Agung Podomoro will utilize the land as mixed used project.
He said Agung Podomoro will construct 2,000 units of apartments in the complex and initiate to sell the products next year.

Disclosure: No position at the stock mentioned above.

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