Article: Texmaco group to transfer assets to Newco. (Conglomerate news).

Article: Texmaco group to transfer assets to Newco. ...
Indonesian Investment Highlights;  February 1, 2002 ;     447 words ...The Texmaco Group hopes to settle its debts ... by transferring assets to a Newco in January 2002. The assets ... IBRA will own 70% of the Newco and the founding members of ... take the remaining 30%. The Newco is a holding company like ...

Article: INDONESIAN GOVT WILL NOT DELAY RESTRUCTURING TEXMACO ...
AsiaPulse News;  October 9, 2000 ;     539 words ... ... Texmaco to a holding company, Newco. The government through ... controls a 70 percent stake in Texmaco Group. To transfer the IBRA's claims, Newco will issue exchangable bonds to the agency, and Texmaco Group must transfer all of its ...

Article: INDONESIAN GOVT DENIES ASSISTING DEBT-RIDDEN TEXMACO ...
AsiaPulse News;  October 4, 2000 ;     460 words ... ... that it has bailed out debt-ridden Texmaco Group, which has a debt of Rp16.552 trillion ... will control 13 subsidiaries of the Texmaco Group. Meanwhile, Texmaco commissioner ... Manusamy said based on the agreement the Texmaco Group will issue exchangeable bonds equivalent ...

Article: INDONESIA'S PT DCS READY TO ACQUIRE 95% OF TEXMACO ...
AsiaPulse News;  December 15, 2003 ;     523 words ... ... is ready to acquire 95 per cent of Texmaco Group's shares being controlled by the ... ready to pay the acquisition including Texmaco Group's financial obligations in cash ... director H. Ali Hanapiah Madjid said. Texmaco Group's financial obligations are currently ...

Article: TEXMACO GROUP ENTERS AUTOMOTIVE INDUSTRY TO ...
Indonesian Commercial Newsletter;  December 23, 1996 ;     494 words ...The Texmaco Group is ready to assemble trucks with load capacities of 4 to 25 tons ... truck bodies and chassis. According to the president director of the Texmaco Group, the truck assembling will begin in the middle of 1998. For its ...

Article: JAMSOSTEK READY TO PROP UP INDONESIA'S TEXMACO ...
AsiaPulse News;  October 7, 2003 ;     588 words ... ... said it is ready to extend funds to shore up ailing giant Texmaco Group. "We are ready with any amount it will need provided that ... Jamsostek President A. Junaedi said yesterday. The debt ridden Texmaco Group is now in a serious financial problem that State Minister ...

Article: IBRA sets realistic price for Texmaco assets.(Indonesian Bank ...
Indonesian Commercial Newsletter;  June 24, 2003 ;     613 words ... ... IBRA will set a realistic basic price for the assets of the Texmaco Group under the first phase of its strategic asset sales program ... serve as holding companies for the assets pledged by the Texmaco group to IBRA in compensation of its debt from its the engineering ...