Home / Knowledge / News / Textiles / Dutamas proposes to buy PT Jasa Medivest
Dutamas proposes to buy PT Jasa Medivest
30
Dec '10
Dutamas SME Sdn Bhd (Dutamas), the subsidiary which is entirely owned by Maxbiz Corporation Berhad (Maxbiz), had put forward a proposal on December 28, according to which it intends to attain 95 percent of the ownership interest of PT Jasa Medivest (PTJM) from Pantai Medivest Sdn Bhd (PMSB).

According to Maxbiz, this acquisition is going to benefit the group as it will provide a source of added income to complement the already existing business of textile dyeing and chemical trading.

Currently, PMSB holds 95 percent of the equity interests of PTJM whereas the rest of the 5 percent ownership interest is held by PT Jasa Sarana, which is an investment wing of the West Jawa Provincial Government.

Complete details of the intended acquisition are likely to be announced once the proposal is accepted and Dutamas inks the sale and purchase Agreement for the acquisition that has been planned.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Apparel/Garments | On 19th Jan 2017

Asahi Kasei to display sustainable fibre at trade shows

Asahi Kasei, specialty Japanese fibre producer, will be displaying...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search