Hanil leasing sets up joint financial venture<\/p>\n
JAKARTA (JP): The Hanil Leasing Company Ltd. of South Korea
\nand its Hong Kong-based Hanil Leasing & Finance Ltd. affiliate
\nhave joined with PT Bakrie Capitanindo Corporation to establish a
\nfinancial company, PT Hanil Bakrie Finance Corporation.<\/p>\n
The inaugural reception for the new company's establishment
\nwas held at its office at the BRI Tower yesterday.<\/p>\n
Present at the inaugural party were Korean Ambassador Hyung Ki
\nMin, president of Hanil Leasing Kim Suk Kyu, managing director of
\nHanil Leasing & Finance Jong Bok Chang and chairman of the Bakrie
\nGroup Aburizal Bakrie.<\/p>\n
A senior vice president of the new company, Chung Sung-chae,
\nsaid the firm was established with an authorized capital of Rp 45
\nbillion (US$20.08 million), including a paid-up capital of Rp 15
\nbillion.<\/p>\n
Hanil Leasing Company controls 70 percent of the shares in the
\nnew company, Hanil Leasing Finance 15 percent and PT Bakrie
\nCapitanindo the remaining 15 percent, he said.<\/p>\n
The new company is to operate in financial services, including
\nsupplying funds for capital goods, leasing, factoring and
\nconsumer financing.<\/p>\n
\"Hanil has been one of our major partners, together with the
\nAsian Development Bank, in PT Bakrie Finance Corp. since 1991,\"
\nAburizal said.<\/p>\n
The Seoul-based Hanil Leasing Company is an incorporated joint
\nventure company between Hanil Bank of Korea, Tokai Bank of Japan
\nand Central Leasing Company of Japan. It is one of the top
\nranking leasing companies among 43 operating in South Korea. Its
\ncurrent value of leased assets was US$2.5 billion as of March
\n1995.<\/p>\n
Hanil Leasing & Finance was established by Hanil Leasing
\nCompany in 1993, with total assets as of last year recorded at
\nUS$136 million.<\/p>\n
Bakrie Capitanindo Corporation, formerly PT Bakrie Nusantara
\nCorporation, which was founded in 1989, is engaged in a broad
\nrange of non-industrial Bakrie Group investments with total
\nassets of US$267.5 million as of 1993.<\/p>\n
The newly established Hanil Bakrie Finance Corporation has Kab
\nJong Paek as chief commissioner and Seung Keun Hong as chief
\nexecutive.(kod)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/hanil-leasing-sets-up-joint-financial-venture-1447893297",
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