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AUTOBACS SEVEN CO LTD to Establish Joint Venture

Monday, 22 Jul 2013 12:30am EDT 

AUTOBACS SEVEN CO LTD announced that it has decided to establish a joint venture namely PT.AUTOBACS INDOMOBIL INDONESIA, which will be engaged in the wholesale, export and import of automobile related products, sublicensing provision to retail store, as well as mobile sheet metal coating and maintenance, with an Indonesia-based company PT. Central Sole Agency, at the end of September 2013. The joint venture will be capitalized at USD 6 million, PT. Central Sole Agency and the Company will each hold a 51% and 49% stake in the joint venture. 

Company Quote

13.0 +0.66%
28 May 2015