JAKARTA (Yosefardi) – PT Plaza Indonesia Realty Tbk (PLIN) and PT Grahabuana Cikarang, unit of PT Kawasan Industri Jababeka Tbk (KIJA), had in September 23, 2013 set up a joint venture (JV) company, PT Jababeka Plaza Indonesia.
Plaza Indonesia holds 30% ownership on JV. This JV aims to work on mixed use development on 4 hectares land in Jababeka area.
At 2.25 pm Jakarta time, PLIN was traded flat at Rp1,800 per share while KIJA lost 2% to Rp240 per share.