Samko Timber

2 China-focused materials stocks are leading the way as sector blazes to 33% returns YTD

SINGAPORE (May 23): China-focused materials stocks China Sunsine Chemical Holdings and Delong Holdings are leading the way, as the sector generated a market capitalisation-weighted total return of 32.9% year-to-date in 2018.

The materials sector, which comprises businesses involved in the processing of raw materials, has benefitted so far this year from an improved global economic outlook.


Samko Timber sells two parcels of lands in Indonesia for $7 mil

SINGAPORE (Oct 10): Samko Timber has entered into an agreement to dispose two parcel of lands in Indonesia for 70 billion rupiah ($7 million).

One of the land measures 2.875 sqm is located in Banten province while the other, measuring 50.325 sqm, is located in Jawa Barat province.

The lands are currently being used for the operation of one of Samko’s factory engaged in the production plywood and other wood products.

The vendors are Indonesian citizens who are unrelated to the company. Samko expects to receive net proceeds of $6.1 million.

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