Surya sells Denso shares

Surya sells Denso shares

JAKARTA (JP): Publicly listed property developer PT Surya
Semesta Internusa announced Friday that it planned to sell half
of its shares in PT Denso Corporation Indonesia, an automotive
spare parts manufacturer.

The company said Japan's Denso Corporation, Toyota Automatic
Loom Ltd. and Toyota Tsusho Corporation have principally agreed
to buy its Denso Indonesia shares.

The company expects the plan to be approved by its
shareholders in an April meeting.

Surya currently owns 25.66 percent of Denso Indonesia.

The company said the sale was due a new focus in its core
business operations of property and industrial park development.
(gis)