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Indonesia plantation project contract conclusion

Dec 29, 2009

About the Super Paulownia Plantation project progress in Indonesia (2)

Based on the contract between our subsidiary company, Ecoindex Co., Ltd. and The State Ministry for the Development of Disadvantaged Region of Indonesia which we announced on November 1st,2009, we have concluded the contract with private company that is introduced by Indonesian government on December 9th 2009.

The first project is to plant 180,000 Super Paulownia trees on 500 hector land located at south Cianjur on Java Island in Indonesia The Bank Guarantee which guaranties to pay the contract money is issued on December 22nd 2009 to Ecoindex Co., Ltd.

Therefore, we are expecting to receive money in the beginning of February and the plantation project in Indonesia will be started.
For more information please ask the section in charge below
SHI Corp. US Rep.
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