Eka tjipta widjaja biography definition
•
Sinar Mas
Indonesian conglomerate holding company
Sinar Mas is one of the largest conglomerates in Indonesia. It was formed in 1938.[1] It has numerous subsidiaries including Asia Pulp & Paper and palm oil producer PT SMART. The company also acquired Berau Coal Energy from Asia Resource Minerals PLC, a major mining group founded by Nathaniel Rothschild, in a takeover initiated by Fuganto Widjaja.[2]
Sinar Mas was founded by a Chinese Indonesian tycoon, Eka Tjipta Widjaja.
Sinar Mas businesses operate in different sectors such as pulp & paper, real estate, financial services, agribusiness, telecommunications, and mining. The businesses are listed in the Indonesian and Singapore stock exchanges.
Business units
[edit]- PT Innovate Mas Indonesia
- PT Mora Quatro Multimedia (CEPAT NET, HOMELinks)
- PT Sinar Mas Komunikasi Teknologi Tbk (Sinar Mas Communication & Technology)
- PT Smartfren Telecom Tbk (Smartfren)
- PT Ahamobi Telecom (AhaMobi
Oei Hong Leong
Teguh Ganda Widjaja
Franky Oesman Widjaja
Sukmawati Widjaja
Indra Widjaja
Muktar Widjaja
Elijah Frankle "Djafar" Widjaja
Freddy Widjaja
Fenny Widjaja
•
Eka Tjipta Widjaja started out selling biscuits from a bicycle rickshaw in the late 1930s. He survived wars, a revolution and a white-knuckle economic plunge to create one of Southeast Asia's largest business empires.
But then Asia Pulp & Paper Co., the cornerstone of the Widjaja family empire and the 10th-largest paper company in the world, ran into severe debt trouble in 2001. Many thought the clan's days among Asia's corporate elite were numbered.
Creditors wanted repayment of APP's $13.9 billion debt. They accused the family of shifting hundreds of millions of dollars from the business into offshore accounts. Indonesian regulators seized the family-run bank, cutting off a crucial source of funds. APP's shares were kicked off the New York Stock Exchange after their value plunged to almost nothing. Environmentalists decried the papermaker's destruction of Indonesian rain forests.
Two years later, however, the Widjajas (pronounced WEE-JAI-YAHS) remain firmly in c
•
Eka Tjipta Widjaja
children