Feb 12, 2012

Indonusa Agromulia buys Sawit Mas

PT Indonusa Agromulia last week announced that the company has acquired majority stake in PT Sawit Mas Perkasa. Indonusa announced the stake takeover on February 11 2012. However, it has not declared the stake percentage and the takeover price.
Indonusa Agromulia was established in 2000, located in Muarabungo, Province Jambi, Indonesia. Until now, the company consistently supplies the rubber over the globe.  The market spreads in Asia and spread in major cities in Indonesia.  Total annual sales volume is estimated US$5 million-US$10 million. 

Disclosure: No position at the stock mentioned above.

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