- PT Acset Indonusa Tbk (ACST, Rp2.825) intends to expand its business to Myanmar by forming joint ventures with local partners. The company will be working on construction projects in this country. According to ACST, there are many projects that can be worked in Myanmar, such as apartments, office buildings, and other infrastructure projects.
- PT Astra Sedaya Finance has signed a share subscription agreement on spending plans 237,609,989 shares to PT Bank Permata Tbk (BNLI, Rp1.690). Price estimation of new share issuance of PT Astra Sedaya Finance is around Rp2,04 trillion. It is subject to price adjustment that will be computed on the effective date of new shares issuance of PT Astra Sedaya Finance. At that moment, the composition of the company's shares will be effective, 25% to Bank Permata and 75% directly and indirectly to the Company through the GES and SMI.
Tuesday, June 25, 2013
Indonesia Market Summaries 25 June 2013
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