Sukanto joins Sarana Riau

Sukanto joins Sarana Riau

JAKARTA (JP): The chairman of the widely diversified group
Raja Garuda Mas, Sukanto Tanoto, will become one of the major
shareholders in Sarana Riau Ventura, the newly established
venture capital company in Riau province.

P. Daritan, a director of the publicly-listed PT Into
Indorayon which also runs a large pulp and paper industry in
Riau, said that Sukanto will inject funds into the venture
capital company, which was officially inaugurated by Minister of
Finance Mar'ie Muhammad last week.

However, he did not disclose the amount of the funds to be
invested by Sukanto in the company, the 20th venture capital
company in the country.

The new company, established by the state-owned venture
capital company Bahana Artha Ventura in cooperation with local
businesses, has an initial paid-up capital of Rp 5.3 billion
(US$2.3 million). (hen)