Astra Otoparts would raise a maximum proceeds of IDR 3.1T

Astra Otoparts would raise a maximum proceeds of Rp3.1tn through a rights issue

Astra Otoparts (AUTO), a subsidiary of Astra International (ASII), will conduct rights issue and raise a maximum Rp3.1tn of proceeds. The company would also conduct an AGM on 17 April 2013.

Key details of the rights issue are as follow:

• AUTO will issue a maximum of 1.4bn of rights, potentially raising a maximum proceeds of Rp3.1tn
• Every 100 of existing shares are entitled for 20 to 40 rights with exercise price range of Rp2,200-3,400/share
• Key indicative timetables are set as the following: ex-right date on 25 April 2013, exercise date on 1-7 May 2013
• About 74% of the net rights issue proceeds would be used for early debt repayment, and the remaining 26% for business expansion in the form of equity participation and/or loans to subsidiaries and/or associates companies and/or jointly-controlled entities.

Daihatsu targets 200k units of sales this year

Daihatsu aims to book 200k units of sales this year, implying a 23.4%yoy growth. The target includes some portion of LCGC and exports sales. In supporting the growth, Daihatsu is completing a new 120,000 units/year assembling plant that is expected to commercialize in 1Q13. The new factory will increase its total assembling capacity to 460k units/year, making Daihatsu as the largest assembler domestically. (Investor Daily)

The 18th Indonesia International Motor Show 2010

The 18th Indonesia International Motor (IIMS 2010) Show is the most prestigious motor show in Indonesia featuring the latest automotive products and most innovative services with emphasizing the latest trends in the global automobile industry and will show a dazzling array of full range passengers and commercial cars to grand public growing from year to year. This 23 July – 1 August 2010, the IIMS 2010 will once again bring new atmosphere and experience with most entertaining and business enabling at Jakarta International Expo, Kemayoran.

Event Date :

23 July - 01 August 2010

Opening & Press Day :

23 July 2010 (Press Credentials are Required)

Public Show :

24 July - 01 August 2010Monday - Thursday : 12.00 - 21.00 WIBFriday - Sunday : 10.00 - 22.00 WIB

Venue :

Jakarta International Expo - Arena PRJ Kemayoran

Organized by:

GAIKINDO and Dyandra Promosindo

Website:

18th Indonesia International Motor Show 2010