For the fourth consecutive year, Sateri Holdings Limited received an award from the prestigious publication Capital Weekly. The publication’s Listed Enterprise Excellence Award recognizes companies that demonstrate outstanding abilities to develop high-quality corporate governance structures, nurture positive investor relations, and deliver significant returns on investment through maintaining sound business strategies. The award additionally promotes corporate social responsibility by acknowledging major CSR contributions on the part of the honored companies.
Sateri Holdings is part of the internationally known RGE Group headed by Indonesian entrepreneur and philanthropist Sukanto Tanoto. Listed on the Hong Kong Stock Exchange, as well as the Hong Kong Small Cap Index of Morgan Stanley Capital International, the company focuses on production of the viscose staple fiber that is a vital component in the manufacturing of medical and personal care supplies, textiles, and other consumer products. By the start of 2015, Sateri had moved out of other aspects of its operations to concentrate solely on its viscose staple fiber business. Sateri now does business only in Mainland China as a brand within the Pacific Viscose Limited group.
Sukanto Tanoto, who grew RGE from a small family-run business into a multi-faceted natural resources manufacturing firm worth an estimated $15 billion, works to promote the interests not only of his companies, but also of his country and community. This is one reason the CSR aspect of the Capital Weekly award is particularly meaningful.
Capital Weekly, published in Chinese in Hong Kong, is devoted to delivering news about the international investment market, trends in the global economy, and political events that affect money and trade. The publication takes both a micro and a macro look at developing stories, and offers its readers guides for investing over the short, medium, and long term. Capital Weekly’s publisher, South China Media Limited, believes that it fills a need not supplied by other financial publications, in that it aims to include a range of viewpoints and commentary from multiple perspectives.