Feb 17, 2012

Global Land piles stake in Plaza Indonesia

PT Global Land Development Tbk (KPIG), that is controlled by PT Global Mediacom Tbk (BMTR) run by Hary Tanoe Soedibjo,keeps piling shares in PT Plaza Indonesia Realty Tbk.
Corporate Secretary Dipa Simatupang at Global Land said the company made a purchase of 23.75 million shares in Plaza Indonesia at Rp1,520 a share or Rp36.10 billion.
Global Land bought those shares on February 3 2012 with an investment purpose. Post the purchase, Global Land controls 25.32% stake or 898.88 million shares in Plaza Indonesia. 

Disclosure: No position at the stock mentioned above.

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