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Friday, January 21, 2011

Bank Permata sold part stakes in Asuransi Nipponkoa

BI/bursa
19/1/2011
Irvin Avriano A.
Bisnis Indonesia

JAKARTA: PT Bank Permata Tbk sold part of their stakes in PT Asuransi Permata Nipponkoa Indonesia (APNI), 31% portion from previously 51%, to Nipponkoa Insurance Company Ltd.

Based on the subsidiary of Astra Group-Stadard Chartered Bank Plc information disclosure to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) today, the selling agreement of 7,750 shares has been executed on January 17th.

"Based on Deed Sales No.14 dated Januari 17th, witnessed by Kun Hidayat Notary," said Bank Permata Vice President Director Herwidayatmo in the information disclosure.

He underlines the transaction not include in material transaction clasification because the value not breach 20% from the company's equity, in accordance with Bapepam-LK Rule No.IX.E.2 about Material Transaction and Main Business Activity Changing.

Bank Permata shares which coded BNLI still decline this afternoon IDR20 or about 1.25% to Rp1,580 level in the stock market. The price formed its market capitalization worth IDR14.27 trillion.

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