Jul 5, 2010

Mutiara owns 32.67% Eatertainment

PT Mutiara Timur Pratama, controlling share holder of PT Eatertainment International Tbk (SMMT), has enlarged stakes to 32.67% by purchasing the stocks at Rp350 per share.
In a public announcement to Indonesia Stock Exchange (IDX) today, Mutiara Timur owns 18.74 million shares of Eatertainment or 23.42% of its fully capital paid in. Mutiara Pratama has bought additional stakes of 4.11 million shares to 32.67%.  
After the purchase, Mutiara Timur holds 26.14 million shares at Eatertainment, Green Palm Resources holds 37.96 million shares, PT Eagle Capital owns 10 million shares, and public holders hold 13.29 million shares. 
Following the acquisition, Mutiara Timur has done a tender offer of the remaining 23.29 million of shares at Rp230 per share.  

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