Nov 1, 2010

Prudent reports 9.8% MASA disposal

Prudent Capital today confirmes that it had disposed 600 million shares (9.8% stake) in tire maker PT Multistrada Arah Sarana Tbk (MASA) on October 28 2010 at Rp300 per share or Rp180 billion.
In a public statement to Indonesia Stock Exchange today, Prudent Capital sold the stake via PT Buana Capital, local house which is controlled by Pieter Tanuri, President Director of Multistrada.
"The shares sale was intended to realize gain and investment diversified," Prudent Capital said. Indomobil, through its subsidiary PT Central Sole Agency, is interested to buy 10% of Multistrada’s shares. The source said Buana Capital is currently under controlled by Pieter Tanuri as the President Director of Multistrada, with 60% ownership.
Based on KSEI’s data per 27 Oktober, the shareholders of Multistrada’s shares above 5% were PVP XVIII Pte Ltd as much as 26.09%, Prudent Capital Ltd with 13.46%, and The Bank of New York as Custodian with 7.23%.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: