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INDONESIA'S KIMIA FARMA ASKS GOVT TO DELAY DIVESTMENT PLAN.
JAKARTA, March 1 Asia Pulse - The management of state pharmaceutical company PT Kimia Farma (JSX:KAEF) has asked the government to delay its plan to divest its shares in the company over the next two years, a company executive said at the weekend.
Kimia Farma Finance Director Syamsul Arifin said it was better to conduct the divestment after the company had completed an ongoing restructurisation process.
He said after the restructurization had been completed, the government shares would fetch a better price.
At the ...
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Source: HighBeam Research, INDONESIA'S KIMIA FARMA ASKS GOVT TO DELAY DIVESTMENT PLAN.