Jun 17, 2011

Indomobil prices rights at Rp8,000

PT Indomobil Sukses Internasional Tbk (IMAS), that is controlled by Anthoni Salim, has priced its rights issue at Rp8,000 per share, entitling the company with total proceed of Rp2.77 trillion.
In parallel, Indomobil's two controlling shareholders dubbed PT Cipta Sarana Duta Perkasa and PT Tritunggal Intipermata, have sold a 322.86 million of preemptive rights to institutional investors at Rp8,000, enabling both shareholders to grab Rp2.58 trillion.
"Regarding to the book building in Jakarta, Singapore, Hong Kong, Kuala Lumpur, London, and Europe, the sale of the preemptive rights is oversubscribed," said Indomobil in a press statement last night.
Indomobil offered the rights issue within the range of Rp7,500-Rp9,500 per share. Each holder of three existing shares entitle one right to buy one new share.
Petrochemical company PT Chandra Asri Petrochemical Tbk (TPIA) has determined to delay its rights issue of 827.87 million new shares or 27% of its enlarged capital due to unfavorable stock market situation.
Disclosure: No position at the stock mentioned above.

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