Bimantara sets up firm

Mon, 31 Jul 1995, 00:00 WIB | Source: JP

JAKARTA (JP): The Bimantara Group, a conglomerate controlled
by Bambang Trihatmodjo, in cooperation with Nissho Iwai
Corporation of Japan, has established a multi-finance company
called PT Artha Cakra Multifinance with capital of Rp 15 billion
(US$6.8 million).

The joint venture company's president, Koji Shima, was quoted
by Bisnis Indonesia on Saturday as saying that the firm will
provide soft loans for Bimantara's automotive division and other
companies.

The new company, which is 49 percent owned by Bimantara and 51
percent by Nissho Iwai, will also provide leasing and consumer
finance services. (04)

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