{
    "success": true,
    "data": {
        "id": 1285449,
        "msgid": "kanematsu-to-sell-ri-stake-1447893297",
        "date": "2000-12-01 00:00:00",
        "title": "Kanematsu to sell RI stake",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "Kanematsu to sell RI stake TOKYO (AFX-ASIA): Kanematsu Corp. said it will sell a 40 percent stake in cotton sales unit PT Nikawa Textile Industry based in Jakarta, Indonesia to Nisshinbo Industries Inc. for an undisclosed amount. After the acquisition, the stakeholding of Kanematsu in Nikawa will fall to 10 percent from the current 50 percent, while that of Nisshinbo will rise to 60 percent, from 20, Kanematsu said.",
        "content": "<p>Kanematsu to sell RI stake<\/p>\n<p>TOKYO (AFX-ASIA): Kanematsu Corp. said it will sell a 40<br>\npercent stake in cotton sales unit PT Nikawa Textile Industry<br>\nbased in Jakarta, Indonesia to Nisshinbo Industries Inc. for an<br>\nundisclosed amount.<\/p>\n<p>After the acquisition, the stakeholding of Kanematsu in Nikawa<br>\nwill fall to 10 percent from the current 50 percent, while that<br>\nof Nisshinbo will rise to 60 percent, from 20, Kanematsu said.<\/p>\n<p>Kanematsu said it expects to cut interest-bearing debt further<br>\nat the group level for the current fiscal year following the<br>\nacquisition, although its earnings forecasts remain unchanged.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kanematsu-to-sell-ri-stake-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}