Sinarmas Land, an Indonesian developer of homes, shops and golf courses, hired Macquarie Group Ltd. for an initial public offering of an industrial properties project that may raise as much as $300 million, said people with knowledge of the matter.
An independent study cleared Sinar Mas Group , the world’s second-biggest palm oil producer, of destroying rainforests in Indonesia, according to a statement from PT Sinar Mas Agro Resources and Technology Tbk .
Asia Pulp & Paper Co. is reassuring customers that it is uses no illegally logged trees in its paper mills after Greenpeace International accused the company of destroying the habitat of the endangered Sumatran tiger.
The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Sinar Mas Group said that an independent report into allegations by Greenpeace that it destroyed rainforests to clear land for palm oil estates were either wrong or exaggerated, according to a statement today.
Golden Agri-Resources Ltd. , part of Indonesia’s Sinar Mas Group, said the government of Liberia and Golden VerOleum (Liberia) Inc. plan to invest $1.6 billion in oil palm plantations in the African nation.