Tunas Baru Lampung
From Taighde
Tunas Baru Lampung is an Indonesian food and drink company. The Government of Singapore Investment Corporation owns a 8.98% stake in the company. The GIC bought mandatory convertible bonds in 1999. The bonds converted in 2002 and the GIC holds 138.2 million shares. It is believed the GIC gave about $15 million for the stake. The GIC holds the stake though Cassava Investment.
