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Morinaga & Co Ltd to Establish Joint Venture with Individuals

Wednesday, 8 May 2013 02:40am EDT 

Morinaga & Co Ltd announced that it has decided to establish a joint venture, PT. Morinaga Kino Indonesia, with two individuals, Mr. Harry Sanusi and Mr. Harris Sanusi, in September 2013. The joint venture will be engaged in manufacturing and sales of snacks and juice powder in Indonesia. The Company will hold a 51% stake and the two individuals will hold a 49% stake in the joint venture. The joint venture will take over assets and business know-how related to manufacturing and sales of snacks from PT. Kinosentra Industrindo, which is owned by Mr. Harry Sanusi and Mr. Harris Sanusi. 

Company Quote

-1.0 -0.46%
2:00am EDT