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Wednesday, October 20, 2010

Indomobil will acquire 10% Multistrada stake


Indomobil will acquire 10% Multistrada stake

JAKARTA: A retailer and automotive lenders PT Indomobil Sukses Internasional Tbk (IMAS) will acquire 10% stake in PT Multistrada Arah Sarana Tbk through its subsidiary, PT Central Sole Agency.

"We will buy the stock from one of the Multistrada current shareholder," said Indomobil Internasional President Director Gunadi Sindhuwinata in the stock market authority information disclosure yesterday.

He also explained that the company intends to ask permission from its shareholder to realize the plan.

"We will held an extraordinary general meeting [EGM/RUPSLB] of shareholder to puchasing the stock."

Multistrada, coded MASA in the stock market, is a tire manufacturer that have been created Achilees, Corsa, and Strada brand. Commandeered by Pieter Tanuri, the company have a great record today as one of a success local tire manufacturer.

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