Tuesday, July 28, 2009

Hijau Pundi filed lawsuit against Alam Sutera

PT Hijau Pundi Nusa has filed lawsuit against property developer PT Alam Sutera Realty Tbk, PT Alfa Goldland Realty, and some individuals.
The first defendant in the case is The Ning King, the second is PT Alfa Goldland Realty, the third is Thee Ning Kong, and the fourth is PT Alam Sutera Tbk. Object of the lawsuit is five parcels of land in Pakulonan Village, Serpong sub-regency, Tangerang, Banten province.
PT Alam Sutera Realty Tbk told Capital Market Supervisory Agency (Bapepam) and IDX management last week that PT Hijau Pundi Nusa seeks compensation of Rp208.8 billion.
Alam Sutera reported net profit of Rp58.8 billion last year against Rp20.3 billion in the previous year. The company has total asset of Rp3.069 trillion as of March 31, 2009. The stock is currently traded at Rp113, reflecting market capitalization of US$190 million.



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