Aug 11, 2010

Barito disposes 0.01% stakes in Gozco

After announcing a disposal of 0.38% shares in CPO producer PT Gozco Plantations Tbk (GZCO), petrochemical and resources-based parent company PT Barito Pacific Tbk (BRPT), controlled by Indonesian tycoon Prajogo Pangestu, today reports 250,000 shares of divestment or 0.01% stakes at Rp395 per share, allowing it to snap up Rp98.75 million of cash.
Speaking in a public announcement submitted to Indonesia Stock Exchange, Barito's Director Henky Susanto said following the shares disposal, Barito now owns 541.25 billion of shares or 10.82% in Gozco from previous level of 541.50 billion shares of 10.83%.
Barito didn't disclose the reason of the shares sale. Barito said the sale was done by a local house PT Harita Kencana Securities.

Disclosure: No position at the stock mentioned above.

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