Flemington Asset Management Ltd and UBS AG London Branch AC Delta 1 have purchased 343.18 million of new shares issued by PT Sumber Alfaria Trijaya Tbk (AMRT).
In return, the company has bagged Rp1.17 trillion cash from the issuance of new shares without preemptive rights on March 8 2012.
According to Corporate Secretary Fernia Rosalie Kristanto at Sumber Alfaria, the company sold 343.18 million new shares to both foreign investors at Rp3,400 a share.
UBS AG London purchased 317.44 million shares and Flemington Asset bought 25.74 million shares.
Sumber Alfaria is scouting a 20% increase in sales next year to Rp21.6 trillion as a result of strong demand and outlet expansion.
Vice President Director Pudjianto said the growth in consumer goods sector next year is estimated to reach 12%, which is in line with GDP uptrend.
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