Mar 10, 2012

Who is Davomas ultimate owner?

Indonesia Stock Exchange (IDX) on Friday halted stock trading of cocoa producer PT Davomas Abadi Tbk (DAVO) after it was reported that the company missed the coupon payment due on March 7 2012.
Since Davomas listed stocks at IDX in 1994, the company had held debt restructuring several times. There is no clear information who is the ultimate owner of Davomas right now.
Forbes mentioned that Davomas was controlled by Husein Sutjiadi and did not even explain Setiadi family, who established Davomas when it went public. No single media closely watches and tracks Davomas Abadi activities. Please login or register to read the remaining story.   

Disclosure: No position at the stock mentioned above.

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