Overseas Expansion
One of its subsidiary, PT Astra Otoparts Tbk (IDX:AUTO) through PT FSCM Manufacturing Indonesia has made a joint venture with SUNFUN Chain Co. Ltd. on December 9, 2011 with a capital ownership composition of 40 and 60 percent respectively. The investment is 41 million yuan or around of Rp.56.85 billion and predicted will start full operation in 2014.
Read more about this topic: Astra International
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