Ades Takes Over Pamargha Indojatim Bisnis Indonesia, page B1, 2006-05-23
PT Ades Water 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.