Jul 11, 2011

Purimas enlarges stakes in Smart

Sinarmas Group, via PT Purimas Sasmita, has added 1,99% stake in PT Sinar Mas Agro Resources and Technology Tbk (Smart), enlarging the stake to 2.79 billion shares or 97.20% stake.
Purimas purchased 57.42 million shares of Smart at Rp6,900 per share or Rp396.19 billion on July 1 for its investment, said Jimmy Pramono, Purimas Director, in official statement sent to Indonesia Stock Exchange today.
By end of December last year, Purimas controlled 2.73 billion shares in Smart or 95.21% stake of its capital. Public holders own 4.79% stake in Smart.

Disclosure: No position at the stock mentioned above.

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