{
    "success": true,
    "data": {
        "id": 1539619,
        "msgid": "amtek-ups-unitech-stake-1447893297",
        "date": "1997-05-10 00:00:00",
        "title": "Amtek ups Unitech stake",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Amtek ups Unitech stake SINGAPORE (Reuter): Amtek Engineering Ltd said yesterday it had injected Singapore $5.72 million into Unitech Holdings Pte Ltd, raising its stake in the holding company to 50 percent. Amtek said in a statement the capital injection had enabled Unitech to create a new precision metal parts and injection molding unit in Indonesia.",
        "content": "<p>Amtek ups Unitech stake<\/p>\n<p>SINGAPORE (Reuter): Amtek Engineering Ltd said yesterday it<br>\nhad injected Singapore $5.72 million into Unitech Holdings Pte<br>\nLtd, raising its stake in the holding company to 50 percent.<\/p>\n<p>Amtek said in a statement the capital injection had enabled<br>\nUnitech to create a new precision metal parts and injection<br>\nmolding unit in Indonesia.<\/p>\n<p>The new unit, PT Amtek Sanwa Industries (ASI), would be 75<br>\npercent owned by Unitech, 15 percent owned by Sumitomo Corp units<br>\nand 10 percent by Indonesian firm PT Erajaya Arttkaprima Investa,<br>\nAmtek said.<\/p>\n<p>ASI, which should be operational by August 1997, had been<br>\ngranted Export Processing Entrepots Status by Indonesia's Finance<br>\nMinistry, exempting it from import duties, surcharges, and some<br>\ntaxes, including those on capital goods and raw materials.<\/p>\n<p>Amtek said the investment was a sign of its \"regional<br>\nexpansion to cater to the needs of the growing MNCs<br>\n(multinational companies) in Jakarta\".<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/amtek-ups-unitech-stake-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}