Asset DivestmentMarch 24, 2016 | 1231
On November 17, 2014, PT . Sierad Produce Tbk (the "Company") has signed a Sale Purchase Agreement with PT Pacific Raya Propertindo on the transfer of ownership of one of Company's subsidiary which is PT. Sierad Industries, included transfer of PT Sierad Industries' office space.
This is in line with Company's strategy for focusing in Company's core business activity, which is integrated poultry.
The Company is optimistic with this corporate action and believe the performance will be better and target will be reached.