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Ito En Ltd's Subsidiary to Establish Joint Ventures with PT ULTRAJAYA MILK INDUSTRY & TRADING COMPANY Tbk


Monday, 1 Jul 2013 12:00am EDT 

Ito En Ltd announced that its subsidiary ITO EN Asia Pacific Holdings Pte. Ltd., will establish an Indonesia-based joint venture PT ULTRAJAYA ITO EN, which will be engaged in the production of soft drink, as well as establish another Indonesia-based joint venture PT ITO EN ULTRAJAYA, which will be engaged in the sale of soft drink, with PT ULTRAJAYA MILK INDUSTRY & TRADING COMPANY Tbk, in September 2013. EN Asia Pacific Holdings will hold a 45% stake in PT ULTRAJAYA ITO EN and hold a 55% stake in PT ITO EN ULTRAJAY, while PT ULTRAJAYA MILK INDUSTRY & TRADING COMPANY Tbk will hold a 55% stake in PT ULTRAJAYA ITO EN and hold a 45% stake in PT ITO EN ULTRAJAYA. 

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