Aug 17, 2010

Barito, Wilwood dispose Gozco shares

Two main share holders of publicly listed CPO player PT Gozco Plantations Tbk (GZCO) have continually disposed their shares.
In the latest share holders data dated on August 12 submitted to Indonesia Stock Exchange (IDX), PT Barito Pacific Tbk (BRPT), chemical and resources-based company controlled by Indonesian tycoon Prajogo Pangestu, had disposed -0.38% shares in Gozco into the market. 
Following the shares disposal, Barito now owns 10.83% stakes in Gozco.
Another share holder Wilwood Investment Pte Limited also sold 4% stakes in Gozco, shrinking its ownership from 39.78% to 35.78%.
But, two share holders Golden Zaga Limited and UBS AG Singapore A/N Wintergreen Investment Ltd remained by holding 26% and 6.13% stakes respectively.
On Monday, Gozco stocks inched down 2.60% to Rp375 per share, sending its market capitalization to Rp1.87 trillion at 12.94 times of price earning to ratio.

Disclosure: No position at the stock mentioned above.

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