SGC clarifies

SGC clarifies

We, KITACommunications, on behalf of the Sugar Group Companies (SGC), wish to notify you that some information is less than accurately reported in the article published in The Jakarta Post on Jan. 24, 2003, page 13, titled Acquisition of Salim asset in question.

The following information is not as conveyed by SGC: "Makindo has thus far only been able to gain control of 3 percent of the 54,000-hectare plot," Gunawan was quoted by Detik.com as saying.

Sugar Group Companies made the purchase of ex-Register 47 land legitimately before a notary of the Indonesian Bank Restructuring Agency (IBRA) and acquired the mill as well as the plantation area to the extent specified in the info memo. The entire land is de facto and in legal terms under the control of our company.

HENNY LESTARI, KITACommunications, Jakarta