Indonesia's Sinar Mas to invest in startups with Yahoo Japan

Sinarmas Land

22/03/2018 06:31

(Adds comments from Sinar Mas official)
    March 22 (Reuters) - 
    * INDONESIA'S SINAR MAS TO PARTNER WITH YAHOO JAPAN AND
SOUTHEAST
ASIAN VENTURE CAPITAL FIRM EAST VENTURES TO RAISE $150 MILLION
THIS YEAR, TARGETING STARTUPS - STATEMENT
    * SINAR MAS WILL INVEST THROUGH ITS VC COMPANY, SMDV, AND
SET UP A
NEW COMPANY CALLED EV GROWTH - STATEMENT
    * SINGAPORE-LISTED SINAR MAS GROUP, WHICH IS OWNED BY AN
INDONESIAN FAMILY, AIMS TO FOCUS 2018 INVESTMENTS IN
INFRASTRUCTURE, MINING, AND DIGITAL BUSINESS, SAID MANAGING
DIRECTOR GANDI SULISTIYANTO
    * ITS TELCO SUBSIDIARY, PT SMARTFREN TELECOM  FREN.JK , IS
IN
TALKS WITH "SOME TELECOM PLAYERS" TO CONSOLIDATE ITS BUSINESS,
SAID SULISTIYANTO
    * HE SAID ASIA RESOURCE MINERALS, PART OF SINAR MAS GROUP,
IS IN
THE PROCESS OF RESTRUCTURING ITS BONDS

Further company coverage:  SINA.SI   4689.T   FREN.JK  

 (Reporting By Cindy Silviana)
 ((kanupriya.kapoor@thomsonreuters.com;))