Samko Timber subsidiary proposes property disposal for IDR105 bil

PTSGS, a wholly-owned subsidiary of Samko Timber (SGX:E6R) , has entered into a sale and purchase agreement for the disposal of Balaraja Factory with an unrelated third party for a purchase consideration of IDR105 billion ($8.9 million), according to a Sept 30 release. 

Balaraja Factory comprises a one-storey detached plywood and other wood-products factory building and two-storey dormitory. The factory building has a land area of 86,511 sqm, while the dormitory stands at 253 sqm.