FCC-Ciputra deal lapses

Fri, 12 Apr 1996, 00:00 WIB | Source: REUTERS

SINGAPORE (Reuter): First Capital Corporation Ltd said
yesterday its January memorandum of understanding to buy 20
percent of PT Citraland Adigraha, part of Indonesia's Ciputra
group, had lapsed as no definitive agreement had been reached.

Citraland Adigraha planned to develop a hotel and commercial
complex in Jakarta.

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