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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“Every expansion of government in business means that government in order to protect itself from the political consequences of its errors and wrongs is driven irresistibly without peace to greater and greater control of the nation’s press and platform. Free speech does not live many hours after free industry and free commerce die.”
—Herbert Hoover (1874–1964)