Monday, June 29, 2009

Sinar Mas injects Certis Cisco

PT Sinar Mas Multiartha (SMMA) Tbk, parent company of Bank Sinarmas, has injected Rp19.6 billion into the capital of PT Certis Cisco. 
Certis Cisco, formerly known as PT Cisco Mas Sekurititama, is a JV between SMMA and Certis Cisco Security Pte Ltd, Singapore's leading security organization. Established in 1997, PT Certis Cisco has operations in at least 10 major cities in Indonesia.
According to SMMA's financial report, SMMA controls 49% shares in PT Certis Cisco. SMMA's other subsidiaries are involved in insurance, trading, services, workshops, auction, information services, brokerage, futures trading, and shares administration services. 

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