Nov 4, 2010

Indo Group disposes Truba Alam

Indo Infrastructure Group Pte Ltd as the shareholder of PT Truba Alam Manunggal Engineering Tbk, reduced its ownership shares portion in that company from 14.72% to 12.77%.
Based on its information disclosure to Indonesia Stock Exchange (IDX) today, Sidarta Sidik as President Director said Indo Infrastructure disposed 306.79 million Truba shares to two investors.
Both investors were BNP Paribas Arbitrage SNC and Credit Suisse Europe Ltd Prime Brokereage.
"Indo Infrastructure disposed as much as 231.69 million shares that represented 1.47% of its shares ownership portion to BNP Paribas Arbitrage,” said Sidarta in the disclosure.
He explained that the investor also disposed 75.1 million shares or 0.48% of the total shares listed in IDX since October 2006 to Credit Suisse.
Indo Infrastructure finally owned the remaining Truba shares after the diversion as much as 2.01 billion shares or a bigger portion amounting to 12.77%.
Other public shareholders beside Indo Infrastructure that established in Singapore were PT Mandala Kapital and PT Alam Manunggal (10.2%).
TRUB-coded shares price was corrected 1.81% or Rp1 to Rp48 this afternoon and create market capitalization as much as Rp1.32 trillion.

Disclosure: No position at the stock mentioned above.  

Print This Article

No comments: