Indonesia market Summaries 5 june 2013

Prime Star Investment Pte Ltd increase the portion of its holdings

One of the shareholders of PT Matahari Putra Prima Tbk (MPPA, Rp2.375, not rated)), Prime Star Investment Pte Ltd increase the portion of its holdings to 22.26% of the total paid up capital of 5.58 billion shares. After the transaction, the total number of shares owned by Prime Star Investments is 1.24 billion shares, an increase of 227.6 million shares (22%) from the 1.01 billion shares. (Bisnis.com)

President Susilo Bambang Yudhoyono has allowed the release of PT Semen Baturaja (Persero) stake up to 35% in  to the public

The permission granted by the Government Regulation no. 39/2013 signed by the President on May 21, 2013. Article 2 paragraph 1 of government regulations states that the sale of shares of Semen Baturaja allowed at maximum of 35% so the state ownership to at least 65% of the total shares after the IPO. Determination of the number of shares which sold to the public and its price submitted to the Minister of State Owned Enterprises (BUMN).

The company's management has announced a target of the IPO on June 28, 2013 through a prospectus published May 28, 2013. Semen Baturaja plans to sell 2.34 billion Class B Shares or 23.76% of the issued share capital and fully paid in the company after the IPO. (Bisnis.com)