Indonesia Market Summaries 3 June 2013

DBS Holdings Ltd. will extend the deadline for buying a controlling stake in PT Bank Danamon

Indonesia Tbk from Temasek Holdings Pte. The Agreement with Temasek Fullerton Financial which expired yesterday, was extended until August 1.
According to a Bloomberg report, that DBS announced it today, the deal would pass unless both parties agree to extend it. This is the second time for DBS to postpone the deadline of a transaction. (Kontan)

HSBC Holdings Plc is considering a strategic plan to release shareholding in PT Bank Ekonomi Tbk

after investing about 4 years. Peter Wong, CEO of HSBC Asia Pacific in an announcement on the London Stock Exchange said, they are reviewing strategic options related to ownership of 98.94% stake in Bank Ekonomi. The announcement was made to answer the question from the Indonesia Stock Exchange to Bank Ekonomi.

Peter says, HSBC remains committed to investing in the development of Indonesia. (Business Indonesia)

for Indonesia Market Summaries 3 June 2013