JAKARTA. Sumitomo Corporation pleaded not at all affiliated with Sumitomo Mitsui Banking Corporation (SMBC). "Both are independent of each," said Kenji Shinmori, spokesman for Sumitomo Corporation in its official release to KONTAN, Friday (20/2). This argument becomes clarification on news KONTAN, Friday (20/2). In an article entitled Mastering Bank Sumitomo Group Finally, KONTAN wrote that Sumitomo Corporation and Sumitomo Mitsui Banking Corporation (SMBC) has affiliates in the Sumitomo Group. Kenji explained, Sumitomo Group Public Affairs Commtttee (SGPAC) is not a legal entity. SGPAC just an informal committee whose membership is only participatory nature in order to maintain the good name of Sumitomo coordination in the public eye. Because SGPAC not a legal entity and participatory membership only, SGPAC not have a stake in Sumitomo Corporation or in companies that bears the name of Sumitomo and not can influence the management of companies that bears the name of Sumitomo. "Sumitomo Group only an informal term that has no legal entanglement," said Kenji. KONTAN wrote that Sumitomo Corporation and Sumitomo Mitsui Banking Corporation (SMBC) has affiliates in the Sumitomo Group. Kenji explained, Sumitomo Group Public Affairs Commtttee (SGPAC) is not a legal entity. SGPAC just an informal committee whose membership is only participatory nature in order to maintain the good name of Sumitomo coordination in the public eye. Because SGPAC not a legal entity and participatory membership only, SGPAC not have a stake in Sumitomo Corporation or in companies that bears the name of Sumitomo and not can influence the management of companies that bears the name of Sumitomo. "Sumitomo Group only an informal term that has no legal entanglement," said Kenji. KONTAN wrote that Sumitomo Corporation and Sumitomo Mitsui Banking Corporation (SMBC) has affiliates in the Sumitomo Group. Kenji explained, Sumitomo Group Public Affairs Commtttee (SGPAC) is not a legal entity. SGPAC just an informal committee whose membership is only participatory nature in order to maintain the good name of Sumitomo coordination in the public eye. Because SGPAC not a legal entity and participatory membership only, SGPAC not have a stake in Sumitomo Corporation or in companies that bears the name of Sumitomo and not can influence the management of companies that bears the name of Sumitomo. "Sumitomo Group only an informal term that has no legal entanglement," said Kenji.
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