Jun 16, 2011

Benny Surjadharma buys Tyzen Pacific

Benny Harving Surjadharma, Indonesian investment banker, has agreed to purchase 100% stake in PT Tyzen Pacific International for the consideration price of US$1.3 million.
Benny, which is now acting as President Director of PT Macquarie Capital Securities Indonesia, entered into a sale and purchase agreement with Tyzen Holdings Pte Ltd, a subsidiary of Singapore-listed company Blumont Group Ltd on June 10 2011.
Tyzen Pacific was incorporated on September 6 2007. It does not have any operations and its sole asset is a unit of apartment No. 25A Tower Two at Pacific Place Residences located at Sudirman Central Business District, Blumont said in an official statement submited to Singapore Stock Exchange on June 14 2011.
The purchase price of the apartment was US$1,32 million in August 2007 and the open market valuation by Kantor Jasa Penilai Publik Winarta dan Rekan was US$1.38 million as at March 31 2011. In 2006, Benny was working for PT ABN Amro Asia Securities as President Director.

Disclosure: No position at the stock mentioned above.

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