Ensure invests $200m in RI
Ensure invests $200m in RI
JAKARTA (JP): Taiwan-based aluminum group Ensure Co. Ltd. said
at the weekend it would invest $200 million in various
prospective business sectors in Indonesia.
Ensure chairman Wang Chune said initially the group would
invest some US$10 million in local life insurance firm PT Elite
Life.
"We have agreed to inject $10 million into Elite Life. In
fact, we'll also open our office here to check for other
investment opportunities. That's why we expect the government to
provide security and (political) stability," he said.
Elite chairman Djohan Susanto said the $10 million investment
would provide Ensure with a 40 percent stake in Elite Life, with
the remaining 60 percent still controlled by the founding family.
(rei)
JAKARTA (JP): Taiwan-based aluminum group Ensure Co. Ltd. said
at the weekend it would invest $200 million in various
prospective business sectors in Indonesia.
Ensure chairman Wang Chune said initially the group would
invest some US$10 million in local life insurance firm PT Elite
Life.
"We have agreed to inject $10 million into Elite Life. In
fact, we'll also open our office here to check for other
investment opportunities. That's why we expect the government to
provide security and (political) stability," he said.
Elite chairman Djohan Susanto said the $10 million investment
would provide Ensure with a 40 percent stake in Elite Life, with
the remaining 60 percent still controlled by the founding family.
(rei)