Dec 1, 2010

Northstar disposes Sumber Alfaria

Local stock brokerage PT Ciptadana Sekuritas today has crossed 1.09 billion shares or 31.98% holding in retailer PT Sumber Alfaria Trijaya Tbk (AMRT) at Rp1,525 per share or Rp1.66 trillion.
The crossing price was 29% below the current market price.
A source said Argo Volantis Pte Ltd, a subsidiary of Northstar Pacific Partners, has disposed the stocks to certain buyers.
"It seems Argo Volantis disposed AMRT to buyers via Ciptadana," the source said.
 Previously, Argo Volantis controlled 29.52% holding in Sunber Alfaria, PT Cakrawala Mulia Prima holds 6.48%, PT Sigmantara Alfindo holds 54% stakes, and public shareholders hold 11%. 

Disclosure: No position at the stock mentioned above.
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