{
    "success": true,
    "data": {
        "id": 1193236,
        "msgid": "sumitomo-buys-salim-stake-1447893297",
        "date": "1995-12-29 00:00:00",
        "title": "Sumitomo buys Salim stake",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "Sumitomo buys Salim stake TOKYO (AFP): Major Japanese trading house Sumitomo Corp. said yesterday it would take a 10 percent stake in PT Sulfindo Adiusaha, a chemical unit in the Salim group, Indonesia's largest conglomerate. Sumitomo would buy an even combination of straight and convertible bonds, worth a total of US$50 million, which would be issued by Sulfindo Adiusaha next month, the company said in a statement.",
        "content": "<p>Sumitomo buys Salim stake<\/p>\n<p>TOKYO (AFP): Major Japanese trading house Sumitomo Corp. said<br>\nyesterday it would take a 10 percent stake in PT Sulfindo<br>\nAdiusaha, a chemical unit in the Salim group, Indonesia's largest<br>\nconglomerate.<\/p>\n<p>Sumitomo would buy an even combination of straight and<br>\nconvertible bonds, worth a total of US$50 million, which would be<br>\nissued by Sulfindo Adiusaha next month, the company said in a<br>\nstatement.<\/p>\n<p>Sumitomo said it planned to convert the entire $25 million<br>\nworth of convertible bonds into Sulfindo Adiusaha shares upon<br>\nmaturity in 2000.<\/p>\n<p>Sulfindo Adiusaha would use the $50 million to help upgrade<br>\nand expand a plant to increase output of chlorine, a raw material<br>\nfor polyvinyl chloride resins, Sumitomo said.<\/p>\n<p>Chlorine output at the plant would be increased from 100,000<br>\ntons a year to 200,000 tons by 1998 when upgrading and expansion<br>\nare completed, it said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/sumitomo-buys-salim-stake-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}