Oct 27, 2010

BNP Paribas owns 11.07% Voksel

BNP Paribas Wealth Management Singapore is recorded to have 11.07% stake or 92.03 million shares in cable manufacturer PT Voksel Electric Tbk (VOKS) on October 25 2010.
Based on data released by PT Kustodian Sentral Efek Indonesia (Indonesian Central Securities Depository) dated on October 25, following BNP Paribas, PT Transpacific Securindo is also recorded to add 34.39 million shares in Voksel from 11.07% to 15.21%.
The remain controlling shareholder in Voksel is Perfect Prospect Limited by holding 21.97% stake since July 10 2008.   
In 2009, Voksel Electric posted a 6.25% increase in total assets from Rp1.17 trillion to Rp1.24 trillion, but capital expenditure fell 68.28% from Rp89.92 billion in 2008 to Rp28.52 billion in 2009. Somethings is really weird here that there is no latest financial data available both at Indonesia Stock Exchange and Voksel Electric's site.
 
Disclosure: No position at the stock mentioned above.

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