Oct 19, 2010

Indomobil unit to buy 10% Multistrada

PT  Central Sole Agency, subsidiary of PT Indomobil Sukses Internasional Tbk (IMAS) finally reveals that it aims to acquire 10% stake in tire maker PT Multistrada Arah Sarana Tbk (MASA).
Indomobil President Director Gunadi Sindhuwinata said Central Sole Agency will buy the stake from one of Multistrada's shareholders.
Even Go, Head of Investor Relations at Multistrada, didn't have any such information. "I am in Hong Kong right now. I need one hour to confirm the information from management," he said.

Disclosure: No position at the stock mentioned above.

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