A data services provider and a cell phone distributor for middle-down market, PT Skybee Tbk, disposed 44.9% shares in its subsidiary, PT Sinergitama Komindo, to PT Sinergitama Mandiri.
The share disposal eroded the company's ownership in PT Sinergitama Komindo to 55% while Sinergitama Mandiri owned the rest. Unfortunately, the company did not explain the transaction value and whether the deal was included in affiliated transaction.
The transaction gave impact to statement of absorbed profit or loss in Sinergitama Komindo to 55% from previously 99.99%, the Skybee’s management explained in a disclosure submitted to the market authority today.
Skybee is a new publicly-traded company which listed its shares on July 7, 2010 through an Rp88.125 billion initial public offering (IPO) by releasing 40.17% shares at a price of Rp375 a unit.
Disclosure: No position at the stock mentioned above.
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