Dec 3, 2010

Northstar crosses 40% stake in DOID

Northstar Tambang Persada Pte Ltd, Singapore-based company and also controlling shareholder in PT Delta Dunia Makmur Tbk (DOID), has transferred 40% holding or 2.72 billion shares in DOID to a BVI company.
Northstar has transferred 40% stake at Rp1,100 per share or reflecting Rp2.99 trillion.
A source close to the deal said the shares transfer has indicated that Northstar aims to sell DOID shares to Texas Pacific Group and Government of Investment Corporation. 
The shares transfers were done by two local brokerage Semesta Indovest and Danareksa Sekuritas.

Disclosure: No position at the stock mentioned above.

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