Good Fortune in Old Plantation Land

Salim CPO

Tuesday, June 5, 2007

IndoAgri, a business unit of the Salim Group, is to acquire Lonsum, worth some US$1 billion. Several business tycoons are busy in the hunt for new oil palm plantation land.

. tempo : 178043157744.

A SUDDEN message sent from Singapore startled those who were on the Jakarta Stock Exchange floor on Thursday two weeks ago. This important message came from First Durango Singapore Pte Ltd, the majority shareholder in PT PP London Sumatera Indonesia Tbk (Lonsum). Through its board of directors, the company requested permission from the stock exchange authority to temporarily halt trading in Lonsum shares. The reason for this was that they were di

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