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Article: INDONESIA'S ASAHIMAS FLAT GLASS TO LIQUIDATE SINGAPORE UNIT.
- Article from:
- AsiaPulse News
- Article date:
- February 14, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JAKARTA, Feb 14 Asia Pulse - Sheet glass maker PT Asahimas Flat Glass Tbk (JSX:AMFG) said it will liquidate its subsidiary Glavermas Mirror Pte. Ltd., based in Singapore.
Company Director H. Sholeh Dhagustani said in a report to the Capital Market Supervisory Board (Bapepam) the reason for the plan to liquidate its subsidiary is to improve efficiency.