PT Bogamulia Nagadi, that is controlled by Kartini Muljadi family, plans to hold a private placement of certain percentage on its stake in PT Tempo Scan Pacific Tbk (TSPC).
In an official announcement published today, the placement is aimed to boost Tempo Scan's public free floating shares, expand basis of its investor, and increase the company's stock liquidity.
However, Bogamulia Nagadi, that is owned by PT Kumpulan Mulia with 99.99% stake and Handojo Selamet Muljadi who is president director at Tempo Scan as well, has not disclosed the shares percentage to be sold during the private placement.
Tempo Scan, part of The Tempo Group, is currently controlled by Bogamulia Nagadi with 95.06% and public shareholders hold 4.94% stake.
According to Handojo Muljadi, in the first quarter of 2012, net sales of Tempo Scan rose 17.8% compared to the corresponding period last year, such as an increase was supported by all of its three core divisions' net sales positive growth that was led by its pharmaceutical division with its stellar net sales increase of 27.3%, followed by its consumer products and cosmetics division, and distribution division which respectively had increased by 17.8% and 12.9%.
Disclosure: No position at the stock mentioned above.
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