Hary Tanoe reported TPI shares disputes to Bapepam-LK

BI / exchange

06/02/2010

Irvin Avriano A.

Bisnis Indonesia

Hary Tanoe reported TPI shares disputes to Bapepam-LK

JAKARTA: Hary Tanoesoedibjo reported cases of disputed shares in PT Cipta Televisi Pendidikan Indonesia (TPI), a subsidiary from company that he leads, PT Media Nusantara Citra Tbk to the Capital Market and Financial Institution Supervisory Agency (Bapepam-LK).

Hary explains his arrival just to meet its obligations as the parent of TPI which is a public company, related to the amount of publicity surrounding the dispute that stock.

"Anyway we just report it, disclosure has been fulfilled," Hary, as MNC president director said press at House of Bapepam-LK in Soemitro Djojohadikoesoemo Building this afternoon.

He also asserted in that case he was 'tilt' by Siti Hardiyanti Rukmana, son of former Indonesia President Soeharto commonly known as Mbak Tutut in dispute of the stock.

Chairman of Bapepam-LK Ahmad Fuad Rahmany when asked about the results of his meeting with Hary said the meeting was only to report about the developments around the stock disputes. He also asserted that the explanation will not affect existing dispute because he was only acting as a referee in capital markets.

"That's not our territory because it shares listed on the Sisminbakum [Legal Administrative System Kemkumham]. If there are changes in who knows. We've sent a letter two days ago to them, but have not responded. "

At the end of March, the financial statements of the emitters still indicate MNC as many as 75% shares of TPI. TPI assets before eliminated as of March amounted to IDR917.62 billion.

MNC share price did not move the dispute to respond this afternoon at the level of IDR340 and establish its market capitalization amounted to IDR4.67 trillion.