Sumalindo considers shares buyback

The Investor Daily-October 23, 2008 PT Sumalindo Lestari Jaya Tbk, a plywood producer, considered buying back its shares this year in order to anticipate the sales decline. Besides that way, Jaya David, vice managing director of Sumalindo, told that the company also tried enhancing its competitiveness in the market. Sumalindo would soon obtain another land concession as many as 16.000 hectares in East Kalimantan.