Dec 22, 2010

Bukit Asam bags Rp63 bio on share sale

Indonesia’s state owned coal producer, PT Tambang Batu Bara Bukit Asam Tbk (PTBA), seized Rp63.08 billion proceed from shares sale in the market.
In the information disclosure unveiled to Indonesia’s Stock Exchange today, it was mentioned that Bukit Asam sold 2.88 million of shares after conducted buyback through IDX at Rp21,903 per share.
“The shares issuance generated from the buyback was conducted on 6-20 December,” said Bukit Asam’s President Director, Sukrisno in such information disclosure.
According to him, such corporate action corresponds to the regulation article 4 of Financial Institution and Capital Market Supervisory Agency Regulation No. IX B.2 on Buyback issued by Company or Publicly Listed Company.

Disclosure: No position at the stock mentioned above.

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