Bakrie & Daewoo pipe cooperation

PT Bakrie & Brothers Tbk admits the signing of a memorandum of understanding to develop and marketing pipe products with Daewoo International Corporation. In a letter to JSX today, Bakrie said both companies agree on development and marketing of pipe produced by subsidiaries, PT South East Asia Pipe Industries (SEAPI) and PT Bakrie Pipe Industries. Details of the cooperation will be announced to investors at public expose scheduled next week.

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