Oct 20, 2010

Bhakti bags Rp14 bio from CMNP sale

Investment holding dubbed PT Bhakti Investama Tbk (BHIT) today announces 11 million shares disposal in toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP).
In a public statement to Indonesia Stock Exchange (IDX) today, Bhakti Investama bagged Rp13.97 billion cash from the shares sale or Rp1,270 per share.
The shares disposal is intended to adjust portfolio of Bhakti Investama. After the sale, Bhakti Investama still owns 15.98% stake in Citra Marga.

Disclosure: No position at the stock mentioned above.  

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