Who Does Actually Own Semen Padang?
The planned sale of Semen Gresik-Padang-Tonasa has become extremely complicated since the West Sumatra DPRD and local government took over Semen Padang.
November 6, 2001
MAYBE what has happened is a first. The norm is that the management and employees of a company must do their very best to create as much profit as possible for the shareholders. However, what has happened at PT Semen Padang has certainly turned this norm upside down. The company's management has in fact sided with the West Sumatra Regional House of Representatives (DPRD) and local government that last week unilaterally "took over" Semen Padang. Lega...