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SMS CO LTD to Establish New Subsidiary; to Establish Joint Venture with PT.CORFINA MITRAKREASI; to Acquire PT.MEETDOCTOR

Wednesday, 31 Oct 2012 03:15am EDT 

SMS CO LTD announced that it will establish a new 99%-owned subsidiary, PT.SMS INDONESIA, which will be engaged in the business expansion in Indonesia, as well as the research of aging society related information infrastructure in Indonesia, in February 2013. PT.SMS INDONESIA will be capitalized at IDR 10,000 million in total. The Company will also establish a new joint venture, PT.INFOYASA MEDITAMA SEJAHTERA, which will be engaged in the provision of medical information service for medical tourism in Indonesia, with PT.CORFINA MITRAKREASI. The Company and PT.CORFINA MITRAKREASI will hold 50% and 50% stakes in PT.INFOYASA MEDITAMA SEJAHTERA, respectively. The Company will also purchase 260 shares of PT.MEETDOCTOR, which is engaged in the operation of Website "Meet Doctor" in Indonesia, at the price of IRD 3,864 million, in February 2013. As a result, the Company will hold a 51.0% stake (260 shares) in PT.MEETDOCTOR, up from 0%. 

Company Quote

-68.0 -2.36%
11 Jul 2014