Indonesia Market Summaries 7 June 2013

PT Cipaganti Citra Graha Tbk offer its shares at a price range of IDR 150 to 220 per share

Shares offered to the public in number as many as 2 billion shares (40%), including the allocation of employee programs (ESA) and the management stock option (MSOP). A total of 93% of funds from the IPO will be used to invest mainly in developing fleet, including 900 new taxi held in Jakarta and Semarang, and 7% for capital expenditure and working capital.

PT Electronic City Indonesia Tbk offer its shares at a price range IDR 4,050 to 5,400 per share

Total shares released as much as 333 million shares (25%) of the total issued and paid up capital after the IPO. The Company will allocate the ESA maximum of 2% of the number of shares offered and 1% for the MSOP program. Proceeds from the stock offering, among others, are used to pay off a loan of about 10% to Bank CIMB Niaga and Bank of Victoria, as well as store development, including land acquisition of approximately 85%, and the rest is used for working capital.

PT Tri Banyan Tirta Tbk (ALTO) entered into an agreement with PT Tirtama Anggada

PT Tri Banyan Tirta Tbk (ALTO) entered into an agreement with PT Tirtama Anggada on June 4, 2013 in order to purchase shares PT Tirtamas Abadi Berjaya. President Director of Tri Banyan, Bhakti Salim said, that the company will purchase 133,650 shares of PT Tirtamas Abadi Berjaya, where the number of shares representing 99% Tirtamas Abadi Berjaya's stake. The transaction valued at IDR 155,31 billion, which payments will be made in cash after getting the approval of the target company's AGM. (Inilah.com)

PT Bank Muamalat Indonesia Tbk offer its shares to the public for the second time

PT Bank Muamalat Indonesia Tbk offer its shares to the public for the second time (secondary public offering) at a price of IDR 625 to 975 side by side with the listing of shares on the stock. The shares will be offered to the public as much as 407.09 million units (3.83% of total outstanding shares) and soon will be listed all the outstanding shares in the Indonesian Stock Exchange (IDX) amounted to 10.64 billion shares. With that amount, then the funds will be absorbed from the secondary offering is about IDR 255 billion. Public shares after the action sequence to 2.67 billion shares (25.15%).

for Indonesia Market Summaries 7 June 2013