Oct 28, 2010

Prudent confirms to sell 9.8% MASA

Prudent Capital confirmed has disposed 1,2 juta lots stake or 600 million shares (nearly 10%) in PT Multistrada Arah Sarana Tbk (MASA) to subsidiary of PT Indomobil Sukses Makmur Tbk (IMAS) via crossing today.
"It might be Prudent Capital which sold 600 million shares or 9.8% stake in Multistrada to Indomobil's subsidiary at Rp180 billion or Rp300 per share," a source said.
Indomobil, through its wholly owned subsidiary dubbed PT Central Sole Agency, recently revealed its interest to acquire 10% stake in Multistrada.
PT Buana Capital, brokerage-coded RF, today held MASA stocks' crossing at Rp300 per share. MASA today is stagnant at Rp330 per share.
Disclosure: No position at the stock mentioned above.

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