DBS boosts RI investment

Tue, 21 Jul 1998 | Source: DJ

SINGAPORE (Dow Jones): Singapore-listed DBS Land Ltd said yesterday a wholly owned unit has increased its investment in an Indonesian unit by S$2.6 million (US$1.5 million).

Amethyst Holdings Pte Ltd has taken up an additional 25,500 ordinary shares in the paid-up capital of PT Pakuwon Subentra Amethyst, which is incorporated in Indonesia.

Amethyst's stake in the Indonesian unit remains at 51 percent after the additional investment.

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