Computer firm set up

Computer firm set up

JAKARTA (JP): PT Gunung Sewu Kencana and ST Computer Systems and Services Ltd. of Singapore signed an agreement here yesterday for the establishment of a joint venture company to provide services in computer system integration.

The agreement was signed by a director of Gunung Sewu, Husodo Angkosubroto, and the managing director of ST Computer, Tay Siew Choon.

Husodo said that the joint venture company, to be called PT Pratesis ST Computer Systems, will provide maintenance, engineering and consulting services relating to computer hardware and software for the Indonesian market in various sectors including industry, banking and manufacturing.

According to the agreement, the new company, with an authorized capital of US$3 million, will be 70 percent owned by Gunung Sewu and 30 percent by ST Computer, he said, adding that the foreign partner has an option to increase its shareholding to a maximum of 50 percent within three years.

Husodo said that the new company will start its operation this year.(32)