Related Keywords: appointed Nikko Securities Indonesia, Bogoar based manufacturer and exporter, from Indonesia stock exchange, has move to delist the subsidiary, Japanese textile manufacturer, plan to buy, polyester and cotton fabrics, remaining shares held by public, to manage the buy-out, Unitex, Unitika
Japanese textile manufacturer Unitika is currently controls a 69.4 percent stake in Unitex, with local property businessmen Henry Onggo owning 9.4 percent and Henry Lohananta controling 8.6 percent, the remaining is held by the public. The Company is offering to pay Rp 4.4 billion ($330,454) for most of the remaining shares it doesn’t own in local unit Unitex, in a move to delist the subsidiary from the Indonesia Stock Exchange.
