Mar 12, 2011

AA Land sells stakes in Modernland

Singapore-based company AA Land Pte Ltd, one of shareholders in a property developer PT Modernland Realty Tbk, reported to sell 64.35 million shares in Modernland via several transactions at Indonesia Stock Exchange (IDX).
In an official statement to IDX, AA Land sold its stake starting from January 1 to Jan 31 2011. However, there is no clear information at what price the company sold the stakes. Post the sale, AA Land still holds 283.86 million shares in Modernland.

Disclosure: No position at the stock mentioned above.

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