Jun 19, 2011

Hanson to issue Rp14.31 bio notes

PT Hanson International Tbk (MYRX) is considering to issue Rp14.31 billion promissory notes. The company will use the proceed to acquire an energy company PT De Petroleum Indonesia.
"The 3 year notes will provide 2% interest a year. The acquisition has been approved by our shareholders," said President Director Agus Santoso said last week. Hanson will acquire De Petroleum from PT Usahaprima Bhaktiputra. De Petroleum is an affiliated company of Hanson. 

Disclosure: No position at the stock mentioned above.

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