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METALART CORP to Sell Stake in Subsidiary

Wednesday, 4 Sep 2013 02:00am EDT 

METALART CORP announced that its wholly owned subsidiary will sell its holding 30% stake in the Company's Indonesia-based subsidiary, PT METALART INDONESIA, which engages in manufacturing and sales of forging products, to PT ASTRA OTOPARTS Tbk. As a result, the Company will hold a 70% stake, and PT ASTRA OTOPARTS Tbk will hold a 30% stake in PT METALART INDONESIA. After that, PT METALART INDONESIA will change its name into PT METALART ASTRA INDONESIA.    

Company Quote

3.0 +0.86%
30 Jul 2015