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Samko Timber Ltd (SAMT.SI)

SAMT.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Samko Timber undertakes a reorganisation of group structure
Friday, 7 Oct 2016 05:23am EDT 

Samko Timber Ltd : Undertaking a reorganisation of group structure . Reorganisation involves, amongst other things, a tax review of company's indonesian subsidiaries .Expected that group will write-off tax assets amounted to approximately rp83 billion in nine-month period ended 30 september.  Full Article

Samko Timber announces proposed disposal of shares in Pt Slj Global Tbk
Monday, 15 Aug 2016 10:02am EDT 

Samko Timber Ltd : The proposed disposal of shares in Pt Slj Global Tbk) . Has agreed to sell all the 766.3 million shares in Pt Slj Global Tbk . Deal for for a total consideration of idr95.78 billion . Estimates that there will be net proceeds of approximately IDR96 billion from the proposed disposal . Says co entered into a conditional agreement with Koh Tji Kiong @ Amir Sunarko . Says expected to report a gain of approximately IDR57 billion from the proposed disposal . Has agreed to sell shares to Amir Sunarko at IDR125 for each Pt Slj share . Net proceeds will be utilised to optimise balance sheet leverage and to provide on-going working capital support for business growth .  Full Article

Samko Timber Ltd says entered into interested person transactions
Thursday, 13 Aug 2015 05:45am EDT 

Samko Timber Ltd:Says that the Company's subsidiaries, PT Sumber Graha Sejahtera (SGS) and PT Sejahtera Usaha Bersama (SUB) have entered into interested person transactions to purchase veneers from PT Wijaya Triutama Plywood Industri.aggregate value of transactions entered into between sgs and sub collectively and Wijaya was 12.58 billion Indonesian Rupiah.  Full Article

Samko Timber Ltd's Samko Trading Pte Ltd enters into a joint venture agreement with NS Trading Co Ltd
Tuesday, 10 Mar 2015 03:50am EDT 

Samko Timber Ltd:Announces that Samko Trading Pte Ltd, Singapore (Samko), a wholly owned subsidiary of the Company, has entered into a joint venture agreement with NS Trading Co Ltd, Japan, to jointly establish a joint venture company in the Republic of Indonesia under the name of PT Nusantara Mitra Sejahtera.Pursuant to the terms of the JV Agreement, Samko and Nakamura will respectively hold 60 pct and 40 pct equity interest in the JV Company.Says the initial issued and paid-up share capital of the JV Company will be $400,000 comprising 400 registered shares, each with nominal value of $1,000.Says the objective of the JV Company is to promote, develop and assemble wooden truck body leveraging the Japanese truck body concept (big panel, ready to use, sell together with the truck) to Indonesian market.  Full Article

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