Goldtron's enters Indonesia

Goldtron's enters Indonesia

SINGAPORE (Reuter): Diversified electronics group Goldtron Ltd. said yesterday its new Indonesian joint venture, PT Arha Nusa Bhakti, will have an initial paid-up capital of US$5 million.

The company this week announced the joint venture to manufacture and distribute telecommunications and other electronic products in Indonesia.

Goldtron said it will fund the joint venture internally. It will have 49 percent of the venture, while Indonesian firm PT Arhawishanto Nusa Bhakti will own the balance.