Dec 29, 2010

Centrin Utama disposes Centrin Online

PT Centrin Inti Utama, shareholder of PT Centrin Online Tbk (CENT), has bagged Rp50.90 billion cash from selling shares in Centrin Online to three buyers.
Centrin Utama, in an official statement to Indonesia Stock Exchange (IDX), sold 138.04 million shares in Centrin Online at Rp165 per share to Legacy Investments S.A.R.L on December 28 2010.
Centrin Utama also sold 112.94 million shares in Centrin Online to Modern Access Technologies Inc at Rp165 per share.
Centrin Utama disposed 57.51 million shares in Centrin Online to Omni Potent Ventures Capital Ltd at Rp165 per share.
Centrin Utama Director Megawati Setiadi said the company disposed Centrin Online as it needs cash. Post disposal, Centrin Utama controls 24.04% holding in Centrin Online. 

Disclosure: No position at the stock mentioned above. 

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