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)