Northstar Tambang Persada Ltd, controlling shareholder of PT Delta Dunia Makmur Tbk (DOID) and acting as standby buyer, did not spend its money to buy the remaining unsold new shares during the rights issue of DOID as existing public holders exercised their rights.
But, Northstar, which is owned by famed global investors Texas Pacific Group, Government of Singapore's Investment Corporation (GIC), and China Investment Corporation (CIC), exercised its rights of 544 million shares. Please read the remaining stories here.
Disclosure: No position at the stock mentioned above.
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