Court seizes assets

JAMBI: The Jambi District Court, acting at the request of PT Sari Hijau Mutiara (SHM), a forestry concession holder, has seized the assets of PT Heeching Timber Industry Indonesia (HTII), co-concession holder of PT SHM, to avoid further conflict between the two companies.

Chief of the Jambi District Court Ramelan said on Saturday that PT SHM filed the lawsuit against PT HTII for violating the concession agreement

"The agreement rules that PT HTII agrees to buy 30 percent in PT SHM if the Ministry of Forestry approves extension of the concession," Ramelan was quoted by Antara as saying. (imn)