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UOBVentureManagementPteLtdcompletesitsinvestmentintoPTBumitangerangMesindotama("BTCocoa")On19July2013,UOBVentureManagementPteLtd("UOBVM")completeditsparticipationinaUS$10millioninvestmentintoPTBumitangerangMesindotama("BTCocoa")(http://www.
btcocoa.
com).
BTCocoa'sprincipalactivitiescompriseproductionandsaleofcocoaingredientproducts,namelycocoabutter,cocoapowder,cocoaliquorandcocoacake.
TheCompanyhasalongoperatinghistorydatingbackto1993andthroughtheyears,ithasbecomeaspecialistinthecocoaprocessingindustry.
Tomeetthegrowingdemandforhigh-qualityprocessedcocoarelatedproducts,BTCocoahasincreaseditsproductioncapacitytremendouslythroughintroducingstateoftheartcocoaprocessingmachineriesandcustomiseditsproductioncycletoimproveonitsefficiencyandmaintainconsistencyinitsproductquality.
Mr.
PiterJasman,ChiefExecutiveOfficerofBTCocoa,said:"WewelcometheinvestmentparticipationbyUOBVentureManagementPteLtd,andwiththefundingsupport,wewillcontinueourjourneytobecometheNo.
1partnerforcompaniesspecialisingincocoaindustry.
Wewillcontinuetoworkonourbusinessexpansionwiththeaimofpromotingsustainablegrowthinthesupplychainforcocoaindustry,therebybenefitingallcocoastakeholders--fromimprovingtheincomeofcocoafarmerstoprovidingsafefoodtocustomers.
"Commentingonthecompletionoftheinvestment,Mr.
MarkYeo,theExecutiveDirectorofUOBVM,said:"WearegladtohavetheopportunitytoparticipateinthegrowthofBTCocoa,acompanycloselyfollowedbyUOBVMforanumberofyears.
WebelievethatIndonesia,astheworld'sthirdlargestproducerofcocoabeans,willplayanincreasinglyimportantroleinpromotingthesustainabledevelopmentoftheindustry.
Thededicatedmanagementteamwithalongtermcommitmenttogrowthebusinessiswell-positionedtomeetthegrowingdemandforqualityfoodproductsinIndonesiaandrestoftheworld.
UOBVMthroughparticipationofitsfundsundermanagementiscommittedtoseekoutinvestmentopportunitiesinIndonesia,theworld'sfourthmostpopulouscountryandalsothelargesteconomyinSouthEastAsia.
AboutUOBVentureManagementPteLtdUOBVentureManagementPrivateLimited(UOBVM)isawhollyownedsubsidiaryofUnitedOverseasBank(UOB)Limited.
Establishedin1991,UOBVMmanagesafamilyoffunds,providingfinancingtounlistedcompaniesthroughdirectequityinvestment.
PrivateequityinvestmentactivitiesspanSoutheastAsiaandGreaterChina.
UOBVMcurrentlyismanagingmorethanS$600millionincommittedcapitalfrominstitutionalandindividualinvestors.
UnitedOverseasBankLimited(UOB)isaleadingbankinAsiawithaglobalnetworkofmorethan500officesin19countriesandterritoriesinAsiaPacific,WesternEuropeandNorthAmerica.
Sinceitsincorporationin1935,UOBhasgrownorganicallyandthroughaseriesofstrategicacquisitions.
Today,itoperatesinAsiathroughitsbranchesandrepresentativeofficesaswellasbankingsubsidiariesinChina,Indonesia,Malaysia,thePhilippines,SingaporeandThailand.
AboutBTCOCOABTCOCOAisaproviderofcocoatoover50countriesallovertheworld.
Withagrindingcapacityof150,000tonnesperyear,westriveforcontinuousimprovement.
BTCOCOAproducescocoapowder,cocoabutterandcocoaliquortolargeinternationallyrecognizedbrandsandtohome-grownbusinessalike.
BTCOCOA'semphasisonqualityisseenintheuseofthehightechmachineries,attentiontointernationalfoodhygienestandardsaswellasthefocusonsustainablecocoasupplychain.
BTCOCOA'sslogan"Goodfromthesource"describesourcommitmenttowardssourcingrawmaterialsresponsiblyandsustainablyinordertoproducegoodqualityproductsforourcustomers.
MediaContacts:MicheleLeeInvestorRelationsUOBVentureManagementTel:+6565393544Email:Michele.
LeeSL@UOBgroup.
comWebsite:http://www.
uobvm.
com.
sgFirkanaRosita(Ika)CorporateCommunicationsPTBumitangerangMesindotama(BTCOCOA)Tel:(62-21)5585870E-mail:firkana@btcocoa.
comWebsite:www.
btcocoa.
com