Monday, July 31, 2006

The cracks in Gudang Garam family

I got many letters last week regarding the rumor of a possible acquisition of PT Gudang Garam Tbk by BAT. Some believe it might be true, but more than half doubt that even though they acknowledged the fact about cracks in the family.

"Wonowidjojo sons have unique personalities. Son No.1 is in conflict with No.3 while both have strategic position in the company. People at Gudang Garam called it like New York's Twin Tower. No.4 is in control of marketing, but also not get along with the older brothers," people close to the family said.
But luckyly, Gudang Garam still has Djajusman as the CEO, who also acting as the main bridge for the Wonowidjoyo brothers.
Read my previous post:
Gudang Garam down to No.2

READ MORE!!!

3 Comments:

Anonymous Anonymous said...

So, do you think Investor Daily's sources are credible? The rumor on the street is that the news is just a ploy by Primus and one of the founding shareholders to cover up the company's poor first semester results.

August 01, 2006 9:31 AM  
Anonymous Anonymous said...

It's true. I heard that UBS is the investment advisor....

August 01, 2006 4:25 PM  
Anonymous Anonymous said...

UBS is not the investment advisor. I know this for a fact.

August 07, 2006 9:11 PM  

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