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Indonesia's Para Group aims to
build 20 new theme parks across Indonesia
March 14, 2011
JAKARTA, March 14 (Reuters) - Para
Group, one of Indonesia's emerging
conglomerates, plans to build 20 new theme
parks across the archipelago by 2020,
Chairul Tanjung, the CEO of the group, said
on Monday.
Para had secured $450 million of syndicated
loans from nine banks including Citibank and
Standard Chartered Bank this month to
refinance the group's existing debt as well
as for its capital expenditure, Tanjung
said. (Reporting by Fathiya Dahrul)
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