Ades Takes Over Pamargha Indojatim Bisnis Insonesia, page B1, 2006-05-23
PT Ades Watet Tbk will take over PT Pamargha Indojatim, a subsidiary consolidated with 99.9 percent stock ownership. It is projected that the merge of the two companies will not create any risk for both investors and employees. The merger itself was done to increase the company’s efficiency to create a general and centered booking and administration system, and also improve the company’s operational capability.
Ades Restructures Business Bisnis Indonesia, page B2, 2006-03-02
PT Ades Waters Indonesia Tbk has restructured its business by closing down its factory in Semarang since 22 February 2006 in order to be efficient. The company guarantees it will take good care of the employees laid off because of the factory’s closure.