Indonesian business tycoon Hary Tanoesoedibjo confirmed on Wednesday his company had chosen a subsidiary of a Chinese state-owned construction firm to build a theme park at a luxury resort in West Java, but said he had not signed any loan deal with China for the project.
JAKARTA (Reuters) – Indonesian business tycoon Hary Tanoesoedibjo confirmed on Wednesday his company had chosen a subsidiary of a Chinese state-owned construction firm to build a theme park at a luxury resort in West Java, but said he had not signed any loan deal with China for the project.
South China Morning Post had reported Tanoesoedibjo’s company, MNC Group, had received $500 million of funding from the Chinese government and banks for the theme park, which will be situated next door to planned properties and a golf course developed by the Trump Organization.
The report drew controversy, given the current strains between Washington and Beijing.
Asked whether his company had received $500 million of Chinese funding, Tanoesoedibjo said in a text message “not true” and stated that MNC had only appointed Chinese Metallurgical Corporation of China (MCC) as a contractor.
In a separate text message, M. Budi Rustanto, vice president director at subsidiary PT MNC Land, said the company had appointed MCC as a contractor and denied any loan deal.
