Kotjo under pressure

Kotjo under pressure

SINGAPORE (Reuter): Several companies related to Indonesian
businessman Johanes Kotjo plunged in active afternoon trading
yesterday, dealers said.

At 07:54 GMT, marine engineering group Van Der Horst, of which
Kotjo is chairman, was down Singapore 45 cents to S$6.05 after
touching a low of S$5.95. Volume was an active 1.02 million
shares. Its warrants were also down 45 cents to S$5.10.

ABR Holdings, where Kotjo is a director, was down 11 cents at
S$2.44 with 361,000 shares traded.

United Pulp & Paper, a company in which Kotjo has an option to
buy a major stake, was down nine cents to S$2.60 with 7.19
million traded. Shares in L&M Group Investments