Multistrada rights issue IDR1.53 trio

BI/market

3/11/2011

Irvin Avriano A.

Bisnis Indonesia

Multistrada rights issue IDR1.53 trio

JAKARTA: PT Multistrada Arah Sarana Tbk, automobile and motorcycle tires producer listed company , will held rights issue worth IDR1.53 trio.

Data in their prospectus today explain the corporate action will held by issue 3.06 billion shares or 33.33% portion with nominal value IDR140 at execution price IDR500.

US index decline

BI/market

17/10/2011

Irvin Avriano A.

Bisnis Indonesia

US index decline

JAKARTA: US stock indexes declines shortly after the opening in this early week, following last week gain.

The declining happen after German government official damped optimism that the crisis will fixed fastly.

BNBR suffers IDR17.11 trio lost in 2008

BI/market

6/10/2011

Irvin Avriano A.

Bisnis Indonesia

BNBR suffers IDR17.11 trio lost in 2008

JAKARTA: PT Bakrie & Brothers Tbk, the holding company for Bakrie Group, is suffering loss IDR17.11 trillion from selling its five subsidiaries shares back in 2008.

The matter was disclosed on the company's cuasi-reorganization plan prospectus yesterday.

Atlas IPO 25%. What story behind Hanson Energy?

Irvin Avriano A.

Atlas IPO 25%. What story behind Hanson Energy?

JAKARTA: PT Atlas Resources Tbk plans to loads 25% of their new shares to investors in the capital market related to their IPO, with funds targeted above IDR2 trillion. But there is an interesting name behind, PT Hanson Energy, which rings something behind a bell. What is Hanson Energy's relation to Atlas Resources?

As we -as the public know-, Atlas Resources has already appointed two underwriters to handle the 783.33 million new shares issuance, PT Indo Premier Securities and PT UBS Securities Indonesia. When we still assumed the fund would raise IDR2 trio, nevertheless, the price per share couldn't be under IDR2,553 per share.

Panin Financial to rights issue IDR499.25 bio

Irvin Avriano A.

Panin Financial to rights issue IDR499.25 bio

JAKARTA: PT Panin Financial Tbk, a business and management consultant company from Panin Group, disclose its VII/2011 rights issue plan with fund targets IDR499.25 billion and IDR998.5 bio if added with its warrants.

The matter was conclude in its information disclosure published in newspaper today. The company that led by Fadjar Gunawan is intend to dispose 3.99 bio new shares with nominal and offered price IDR125.

Prasidha held quasi-reorganization IDR568 bio

BI/market

23/9/2011

Irvin Avriano A.

Bisnis Indonesia

Prasidha held quasi-reorganization IDR568 bio

JAKARTA: After merge with its two subsidiaries, coffee producer-seller company PT Prasidha Aneka Niaga Tbk intend to held quasi-reorganization to eliminate the IDR568.13 billion deficit balance.

The plan is showed in the company's information disclosure in newspaper today. In the data, company's management commandeered by Jeffry Sanusi Soedargo conclude four main reason which targeted through the corporate action.

Gani Bustan set as KBRI president director

BI/market

23/9/2011

Irvin Avriano A.

Bisnis Indonesia

Gani Bustan set as KBRI president director

JAKARTA: Gani Bustan officially appointed to be PT Kertas Basuki Rachmat Indonesia Tbk president director, replacing Elia Massa Manik whom move to PT Elnusa Tbk.

The matter is showed in the information disclosure related to the result of Kertas Basuki Rachmat extraordinary general meeting of shareholders (EGM) that published in the newspaper on Friday.

Altus-Chandra Petrochemical buyback bond US$7.9 mio

BI/market

16/9/2011

Irvin Avriano A.

Bisnis Indonesia

Altus-Chandra Petrochemical buyback bond US$7.9 mio

JAKARTA: Altus Capital Pte Ltd, subsidiary of stock emitters PT Chandra Asri Petrochemical Tbk, buyback some of its existing US dollar denominated bond worth US$7.9 million or equal to IDR69.64 billion.

"The aggregate principal amount of the notes remaining outstanding following the cancellation of the purchased notes would be US$214.78 mio," said the management in the Altus Capital information disclosure to the Singapore Stock Exchange today.

Myoh announced IDR529 bio backdoor listing

BI/market

26/8/2011

Irvin Avriano A.

Bisnis Indonesia

Myoh announced IDR529 bio backdoor listing

JAKARTA: Hotels and restaurant software developer listed company PT Myoh Technology Tbk announced their plan to listing a company in the capital market without initial public offering (backdoor listing scheme) for their acquiring target namely PT Sims Jaya Kaltim.

In the prospectus of such corporate action, the scheme will use rights issue action that will disburse 1.26 bio new shares with nominal value IDR200 and execute price IDRR420 with total worth IDR529.51 bio.

The Dedet Yandrinal commandeered company also offered their investors to swap their preemptive rights (hak memesan efek terlebih dahulu/HMETD) into their 1 new shares.

Central Omega will issue IDR1.02 trio rights and warrant

BI/market

25/8/2011

Irvin Avriano A.

Bisnis Indonesia

Central Omega will issue IDR1.02 trio rights and warrant

JAKARTA: PT Central Omega Resources Tbk, mining listed company that used to be known as multifinance company called PT Duta Kirana Finance Tbk, will issue new securities worth IDR1.02 trillion by issuing a preemptive rights (hak memesan efek terlebih dahulu/HMETD) and warrant as its rights issue I/2011.

Central Omega information disclosure published in newspaper today showed the company, which shares coded as DKFT, will held rights issue worth IDR983.73 bio that will issue as much as 983.73 million new shares which have nominal value IDR500 and with execution price IDR1,000. Every 1 existing shareholder have a rights to keep 9 news shares that will be issued.

The company also will issue 36.42 mio warrant worth IDR45.54 bio as incentive to investors which execute his rights with portion every 27 rights for 1 warrant. As the result from the announcement, today their shares suspended again by the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) for the second time after August 22nd.

Myoh shares movement become unusual

BI/market

25/8/2011
Irvin Avriano A.
Bisnis Indonesia

Myoh shares movement become unusual

JAKARTA: PT Myoh Technology Tbk shares' movement been categorized as unusual market activity (UMA) by the Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) because their strengthening movement judged not fair.

In an official announcement today, IDX President Director Ito Warsito said the bourse authority is look after the company's shares and its trading activities on the MYOH coded-shares.

"Because of it, investors are expected to pay attention to the company's response of information request by the bourse authority," said Ito in an announcement letter that been signed by himself, today.

Multistrada shares decline after offering canceled

BI/market

25/8/2011
Irvin Avriano A.
Bisnis Indonesia

Multistrada shares decline after offering canceled

JAKARTA: A car, motor, and commercial vehicle tire listed company PT Multistrada Arah Sarana Tbk's stock price corrected IDR10 in the stock market today after their shares offering canceled by the bidders.

Today, their shares decline 1.82% to IDR540 level after the bidding dispersed after South Korea-based Hankook Tire Co, Japan-based Yokohama Tire Corp, and private equity fund TPG Capital (formerly named Texas Pacific Group) can not reach a deal, related to low bid price that only stands on IDR500. The matter was reported bu Bisnis Indonesia newspaper this morning.

The price that been request is far lower than the initial majority shareholder has been expected namely PVP XVIII Pte Ltd and PT Central Sole Agency, at IDR800 level.

Bumi Resources allocated IDR3.9 trio to buyback

BI/market
23/8/2011
Irvin Avriano A.
Bisnis Indonesia


Bumi Resources allocated IDR3.9 trio to buyback

JAKARTA: Bakrie Group coal miner giant listed company PT Bumi Resources Tbk allocated IDR3.9 trillion to buy back 780 million shares to lift its earnings per share, return on equity and expand access to finance.

The matter is exposed in the information disclosure yesterday, together with its extraordinary general meeting of shareholders (EGM) on September 26th.

"The funds reserved for shares buy back shares for a maximum period of 18 months since the EGM approval is obtained, is not more than IDR3.9 trillion," said Bumi Resources management led byAri Saptari Hoedaja in its announcement yesterday.

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.

Toto will inject capital to other company

26/5/2011

Irvin Avriano A.

Toto will inject capital to other company

JAKARTA: PT Surya Toto Indonesia Tbk, Japan-Indonesia joint venture sanitary wares manufacturer and seller, intend to invest in a company by capital injection mechanism.

Their intention reflect on information disclosed on their extraordinary general meeting of shareholder (EGM) agenda released this week. But the agenda didn't explain about the amount or the target company.

Arpeni issue convertible bond, warrant, and non-preemptive rights

24/5/2011

Irvin Avriano A.

Arpeni issue convertible bond, warrant, and non-preemptive rights

JAKARTA: PT Arpeni Ocean Line Tbk, an debt-entwined dry bulk shipping company, will issue convertible bond, warrant, and new shares through non-preemptive rights in part of the company' rescue plan.

The matter was announced at Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) today, followed by the company's announcement to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) on May 20th.

Mandiri Sekuritas upgraded Holcim to buy

20/5/2011

Irvin Avriano A.

Mandiri Sekuritas upgraded Holcim to buy

JAKARTA: PT Holcim Indonesia Tbk shares recommendation upgraded to buy level from hold level by PT Mandiri Sekuritas through its equity analyst Octavius Oky Prakarsa, Bloomberg reported this afternoon.

The 12-months target price for the company commandeered by Eamon John Ginley is set at IDR2,500 per sheet.

Multistrada to propose a huge bank loan

20/5/2011

Irvin Avriano A.

Multistrada to propose a huge bank loan

JAKARTA: PT Multistrada Arah Sarana Tbk, a local listed tire producer company, intend to pledge most or all of their asset to obtain bank's loan.

The matter was revealed on the company's announcement through Indonesia Central Securities Depository (PT Kustodian Sentral Efek Indonesia/KSEI) website last afternoon.

Mandala booked IDR51 net profit in 1stQ

BI/financial

19/5/2011

Irvin Avriano A.

Bisnis Indonesia

Mandala booked IDR51 net profit in 1stQ

JAKARTA: PT Mandala Multifinance Tbk booked net profit of IDR51 billion in the 1stQ/2011, an increase of 108% from IDR24 billion booked in the 1stQ/2010.

Mandala Multifinance President Director Harryjanto Lasmana said the company recorded revenue IDR276 bio, an increase of 60% from IDR172 bio in the same period last year. Revenue comes from a successful financing is channeled to the first quarter of this year.

Energi Mega and Bakrie Plantations pledge assets, again

16/5/2011

Irvin Avriano A.

Energi Mega and Bakrie Plantations pledge assets, again

JAKARTA: PT Energi Mega Persada Tbk and PT Bakrie Sumatera Plantations Tbk, both are Bakrie Group companies, intend to pledge most or all of its asset and its subsidiaries, that will proposed on an extraordinary general meeting of shareholders (EGMs) that will held on May 31th and June 1st, respectively.

The action indicated the two companies intend to seek another loan and/or use their shares for loan collateral, like often did before.