SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D*
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
Pt Tri Polyta Indonesia Tbk
(Name of Issuer)
American Depositary Receipts
(Title of Class of Securities)
69365B109
(CUSIP Number)
Tjia Tjoen Hok
Starwoo Overseas Ltd., 9 Penang Road #11-08, Park Mall, Singapore 238459
(Name, address and telephone number of person
authorized to receive notices and communications)
May 19, 2000
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g),
check the following box [X].
NOTE: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 6 Pages)
______________________
* The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover
page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
<PAGE>
CUSIP No. 69365B109 13D Page 2 of 6 Pages
________________________________________________________________________
(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Starwoo Overseas Limited
________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [ ]
(b) [ ]
________________________________________________________________________
(3) SEC USE ONLY
________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
________________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Island
________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
2,761,100
SHARES
BENEFICIALLY (8) SHARED VOTING POWER
-0-
OWNED BY
EACH (9) SOLE DISPOSITIVE POWER
2,761,100
REPORTING
PERSON WITH (10) SHARED DISPOSITIVE POWER
-0-
________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,761,100
________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES** [ ]
________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.72%
________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
________________________________________________________________________
**SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP No. 69365B109 13D Page 3 of 6 Pages
Item 1. Security and Issuer.
This Schedule 13D is being filed with respect to American
Depository Receipts, $0.01 par value ("ADRs") issued by PT Tri Polyta
Indonesia Tbk (the "Company"). The Company's principal executive
offices are located at Monara Kebon Sirih, 12th floor, Jalan Kebon Sirih
17-19, Jakarta 10340, Indonesia.
Item 2. Identity and Background.
(a) This statement is filed by Starwoo Overseas Ltd., a
company organized under the laws of the British Virgin Islands
("Starwoo"), with respect to the ADRs directly owned by it. The foregoing
person is hereinafter sometimes referred to as the "Reporting Person".
(b) The address of the principal business and principal office
of Starwoo is 9 Penang Road #11-08, Park Mall, Singapore 238459.
(c) The principal business of Starwoo is serving as a private
investment company, investing in listed and unlisted stock in South-east
Asia and elsewhere, and in other listed securities.
(d) The Reporting Person has not, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) The Reporting Person has not, during the last five years,
been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and, as a result of such proceeding, was or is
subject to, a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, Federal or State
securities laws or finding any violation with respect to such laws.
(f) Starwoo is a company organized under the laws of the
British Virgin Islands.
Item 3. Source and Amount of Funds and Other Consideration.
The net investment cost (including commissions, if any) of the ADR
directly owned by Starwoo is approximately $3,327,741.00 and all of the
ADRs purchased by Starwoo were purchased with working capital.
<PAGE>
CUSIP No. 69365B109 13D Page 4 of 6 Pages
Item 4. Purpose of the Transaction.
The purpose of the acquisition of the ADRs is to propose a
candidate for election to the Company's Board of Commissioners.
Item 5. Interest in Securities of the Issuer.
(a) Aggregate number of ADRs beneficially owned: 2,761,100
Percentage: 10.72%
(b)(1) Sole power to vote or direct vote: 2,761,100
(2) Shared power to vote or direct vote: -0-
(3) Sole power to dispose or direct the
disposition: 2,761,100
(4) Shared power to dispose or direct the disposition: -0-
(c) The trading dates, number of ADRs purchased or sold and
the price per ADR for all transactions by Starwoo since the filing of the
last Schedule 13G-A (filed on January 28, 2000), which were all in the
open market, are set forth in Schedule A and are incorporated by
reference.
(d) No other person has the right to direct the receipt of
dividends from, or the proceeds from the sale of the ADR.
(e) Not Applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or
relationships (legal or otherwise) among the person named in Item 2
hereof and between such persons and any person with respect to any
securities of the Company, including but not limited to transfer or
voting of any other securities, finder's fees, joint ventures, loan or
option arrangements, puts or calls, guarantees of profits, divisions of
profits or loss, or the giving or withholding of proxies.
Item 7. Materials to be Filed as Exhibits.
None
<PAGE>
CUSIP No. 69365B109 13D Page 5 of 6 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certifies that the information set forth in this
statement is true, complete and correct.
DATED: June 2, 2000
/s/ TJIA TJOEN HOK
----------------------
TJIA TJOEN HOK
<PAGE>
CUSIP No. 69365B109 13D Page 6 of 6 Pages
Schedule A
STARWOO OVERSEAS LIMITED
Price Per Share
Date of Number of Shares (including
Transaction Purchased/(Sold) commissions, if any) Total Cost
----------- ----------------- -------------------- ----------
20-Jan-00 80,000 0.937 74,960
24-Jan-00 95,000 0.937 89,015
25-Jan-00 82,000 0.937 76,834
08-Feb-00 50,000 0.750 37,500
09-Feb-00 20,000 0.687 13,740
11-Feb-00 1,700 0.687 1,168
14-Feb-00 6,300 0.687 4,328
15-Feb-00 5,200 0.687 3,572
16-Feb-00 20,000 0.687 13,740
17-Feb-00 300 0.625 188
18-Feb-00 3,000 0.687 2,061
23-Feb-00 21,000 0.625 13,125
25-Feb-00 11,800 0.687 8,107
29-Feb-00 20,000 0.687 13,740
416,300 352,078
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