Oct 28, 2010

Buana Capital crosses MASA at Rp300

PT Buana Capital, brokerage-coded RF, today has crossed PT Multistrada Arah Sarana Tbk (MASA) at Rp300 per share or worth Rp180 billion.
A stock trading said Buana Capital has crossed 1.2 million lots. MASA is now stagnant at Rp330 per share.
A source said Buana Capital is 60% controlled by Pieter Tanuri, President Director of Multistrada.
Referring to Indonesian Central Securities Depository (KSEI) on October 27, PVP XVIII Pte Ltd controls 26,09% stake in Multistrada, Prudent Capital Ltd owns 13,46% stake, dan The Bank of New York as Custodian holds 7,23%.
PT  Central Sole Agency, subsidiary of PT Indomobil Sukses Internasional Tbk (IMAS), recently revealed its interest to acquire 10% stake in Multistrada.

Disclosure: No position at the stock mentioned above. 

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