Chinese companies plan to invest in defunct fertilizer maker in Aceh

About 70 percent of PT AAF`s machinery that had become unusable had been sold to PT Bumi Persada Lestari for Rp 509.6 billion in August 2006 while some other ASEAN (Association of South East Asian Nations) member countries which formerly controlled shares in the company no longer had any stake in it.
"So the way is now open for the Chinese companies to invest in PT AAF and revive it," Hamid said.
"I believe the Chinese companies are quite serious in their intention to revive PT AAF as their representatives recently met various quarters in NAD, including the Aceh Utara district administration, about their plan," Hamid said without naming the Chinese firms.