Unggul plans acquisition

Wed, 21 May 1997, 00:00 WIB | Source: JP

JAKARTA (JP): Publicly listed chemical firm PT Unggul Indah
Corp said yesterday it planned to buy Singapore-based Salim
Oleochemicals Pty Ltd for US$20 million.

The company said it planned to ask shareholders' for their
approval at a meeting on June 25.

It said Salim Oleochemicals (SOC) was a producer and
distributor of chemicals products.

SOC and Unggul Indah are members of the Salim Group
conglomerate.

Unggul Indah Corporation makes alkylbenzene, a major raw
material in detergent. It posted a net profit of Rp 41.27
billion in 1996, up from Rp 32.76 billion in 1995. (09)

View JSON | Print