Guthrie Bhd. seeks IBRA clarification<\/p>\n
KUALA LUMPUR (Dow Jones): Malaysian plantation company
\nKumpulan Guthrie Bhd. on Friday said it will request the
\nIndonesian Bank Restructuring Agency, or IBRA, to clarify a
\nstatement that Indonesia may cancel a planned sale of plantations
\nto the company.<\/p>\n
Kumpulan Guthrie was responding to a recent article in local
\ndaily Business Times that said Indonesia may cancel the sale of
\n$350 million worth of palm oil plantations to Kumpulan Guthrie
\nowing to opposition from Indonesia's parliament.<\/p>\n
\"To date, IBRA has not given any notification that it is
\nunable or unwilling to complete the transaction,\" Kumpulan
\nGuthrie said in a statement to the Kuala Lumpur Stock Exchange.<\/p>\n
The Business Times report cited Indonesia's Finance Minister
\nPrijadi Praptoshardjo as saying the deal may be canceled, but in
\na subsequent report, the Business Times cited Praptoshardjo
\nsaying he was committed to the deal.<\/p>\n
He reportedly said: \"I think we must be tactful as calling off
\nthe deal would affect our credibility as we badly need foreign
\ninvestment.\"<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/guthrie-bhd-seeks-ibra-clarification-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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