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Saturday, May 28, 2011

Harum Energy's shareholder sell IDR2.6 trio stake

28/5/2011
Irvin Avriano A.

Harum Energy's shareholder sell IDR2.6 trio stake

JAKARTA: International Financing Review Asia (IFR Asia) reported that a shareholder is offering 270 million shares of PT Harum Energy Tbk, a coal miner listed company, to raise around IDR2.6 trio or equal US$304 mio fund.

Deutsche Bank and Macquarie are claimed to be the transaction's joint bookrunners.

Based on the May 27th IFR Asia report, the shares is equivalent to around a 10% stake, are being offered at IDR9,050–IDR9,550 per sheet. The price is discounted of 0%–5.2% to Friday's closing price IDR9,550. The price was also appreciated IDR300 or 3.24% on the day stock market transaction.

The HRUM coded shares last price also formed its price to earnings ratio (PER) to 29.52 times and market capitalization worth IDR25.79 trio.

IFR Asia is claimed as Asia’s most authoritative capital markets magazine owned by Thomson Reuters.

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