Samko Timber sells three subsidiaries for $5m

The company said it will seek approval from independent shareholders.

Samko Timber Limited is selling three of its subsidiaries for $5m.

The group is selling PT Sumber Graha Sejahtera (PTSGS), Samko Trading Pte. Ltd (STPL), and Samko Forestry Pte. Ltd (SFPL)

Samko Timber wholly owns STPL and SFPL comprising of 3,860,000 and 100,000 shares, respectively whilst the group owns 98.44% interest in PTSGS.

According to the group, the sale constitutes a “major transaction” so the company will seek approval from its independent shareholders.

The news follows Samko Timber's disposal of its Balaraja Factory for $8.9m (RP105b).

Follow the link for more news on

bourse filing

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia