Anawin buys JIHD shares

Anawin buys JIHD shares

JAKARTA (JP): Anawin Holdings BV of the Netherlands, owned by
a consortium of investors led by Lazard Asia Investment BV, has
acquired a 10 percent stake in PT Jakarta International Hotels &
Development (JIHD).

The company said in a statement yesterday that the initial
stake totals 38.6 million shares representing an investment of
approximately Rp 122.6 billion (US$52.6 million).

"In the near future Anawin will acquire additional JIHD
shares," the statement said.

JIHD is in the process of acquiring an indirect stake in PT
Satelit Palapa Indonesia (Satelindo), a private Indonesian
telecommunication company engaged in three principal businesses,
GSM digital cellular operations, providing international direct
dialing telephone services and leasing commercial satellite
transponders.

Lazard Asia Investment BV is an investment company with major
partners such as Temasek Holdings, Exor S.A. and the Lazard
Group. (13)