Surya Hutani Jaya's owners

Surya Hutani Jaya's owners

JAKARTA (JP): PT Surya Hutani Jaya forestry company clarified
here on Monday that its share-ownership was by no means related
to businessmen Mohammad Bob Hasan nor to Hutomo Tommy Mandala
Putra, as several print media implied last week in their stories
about the abuse of reforestation funds.

"Surya Hutani Jaya is 60 percent owned by publicly listed PT
Sumalindo Lestari Jaya and 40 percent by state-owned PT Inhutani
I forestry company," Surya Hutani's spokesperson Irtamazati Husna
said in a release.

Husna confirmed that Surya Hutani used Rp 207.82 billion
(US$27.7 million) in reforestation funds for the development of
96,450 hectares of industrial timber estates, which were wholly
completed in June, 1998.

The reforestation fund, consisting of Rp 36.55 billion in
government equity, Rp 84.86 billion in interest-free loan and Rp
86.40 billion in commercial loan, had been used wholly for the
timber estate project, Husna added.