Rajawali grabs Rp9.8 trio from SMGR

Blue Valley Holdings Pte Ltd, subsidiary of Rajawali Corporation that is controlled by Indonesian tycoon Peter Sondakh, secures total demand of US$1.2 billion from investors in private placement of 23.7% interest in PT Semen Gresik Tbk (SMGR) today.
In return, Blue Valley, which is advised by JPMorgan Securities, has upsized shares sale from 17.43% to 23.7% at Rp7,000 per share. Peter Sondakh grabs Rp9.8 trillion of cash from Semen Gresik shares sale. 
Today Blue Valley has crossed 23.7% stakes or 1.4 billion shares into the market and transferred these shares to investors.

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