JAKARTA. PT Puri Global Sukses Tbk (PURI), through one of its subsidiaries, has established a joint venture with investment worth IDR 5.1 billion.

Herwiwati, Corporate Secretary of PURI, said that this joint venture is called PT Puri Batam Paradise (PBP). PBP’s shareholders are known to consist of PT Puri Permai Intisentosa Sukses (PPIS) and Muh. Khaerul Hidayat.

PPIS is known to own 40% of PBP’s shares. Meanwhile, Muh. Khaerul Hidayat has another 60% worth IDR 3.06 billion.

PBP is projected to be engaged in tourism industry. PBP’s business activities include procurement of foods and beverages, forestry products, man-made tourism, and man-made outbound venues.

“Establishment of PBP does not cause material impact towards operational activities, legal, financial condition, and the company’s business sustainability,” Herwiwati mentioned in the information disclosure in Indonesia Stock Exchange (IDX).

Herwiwati also said that Muh. Khaerul Hidayat is not affiliated with PURI. (KR/ZH)