Sep 21, 2010

ATPK Resources to sell 10% new shares

Publicly listed PT ATPK Resources Tbk today announces non-preemptive rights of a maximum of 83.12 million shares or 10% stakes at Rp200 per share worth Rp16.62 billion in 2 years.
In a public announcement today, the company will seek approval from its shareholders in a bid to hold non-preemptive rights via extraordinary general meering scheduled on October 5 2010.
ATPK Resources said non-preemptive rights is estimated to attract new investor. The company also plans to use the proceed to pay debts and hopes to increase stocks liquidity.

Disclosure: No position at the stock mentioned above.

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