Tue, 08 Feb 2000

Astra meeting

Regarding your article titled Astra meeting may become showdown published on Feb. 7, I would like to make several clarifications.

First, the sale of Astra Securities is not related to Mohamad "Bob" Hasan as implied by your article. Second, the Astra management, to the best of my knowledge, is not related by ownership to the new shareholders of Astra Securities. Furthermore, it is not in my opinion that the sale of Astra Securities is not done on an arm-length basis.


Head of Research

Nomura Indonesia