Sampoerna reshuffle directors and commissioners

Bursa

2/3/2011

Irvin Avriano A.

Sampoerna reshuffle directors and commissioners

JAKARTA: PT HM Sampoerna Tbk, a subsidiary of Phillip Morris-producer of Marlboro brand cigarette, intend to change its board of director and commissioner.

The matter was showed on its extraordinary general meeting of shareholders (EGMS) agenda that will held on March 9th in One Pacific Place Building, Jakarta. The changing of management and supervisor was the only agenda that been reported by the stock emitters that been announce in the newspaper.

Mobile-8 offers to exchange its bond into shares, again

BI / exchange
2/3/2011
Irvin Avriano A.
Bisnis Indonesia

Mobile-8 offers to exchange its bond into shares, again

JAKARTA: PT Mobile-8 Telecom Tbk intend to buyback their I/2007 corporate bonds that outstanding amounted to IDR606.5 billion and exchange it for the company's until May 2nd.

Mobile-8 Company Secretary Christophorus 'Chris' Siswandi Taufik said the exchange of bonds into shares would offer a 5% premium to the bond holders so that the purchasing price is 105% from the bond value.

ABDA will raise IDR106.91 bio from rights issue

BI/bursa
1/3/2011
Irvin Avriano A.
Bisnis Indonesia

ABDA will raise IDR106.91 bio from rights issue

JAKARTA: PT Asuransi Bina Dana Artha Tbk tapped a rights issue price at IDR310 level that formed its fund will raised IDR106.91 billion.

The company will issue 344.89 million B series shares nominally IDR300. For each four shares holder have five rights that will issued by the listed insurance company, which shares coded ABDA.

Mandiri Sekuritas obtained 3 underwriting mandates

BI/bursa

2/3/2011
Irvin Avriano A.
Bisnis Indonesia

Mandiri Sekuritas obtained 3 underwriting mandates

JAKARTA: PT Mandiri Sekuritas took over 3 potential listed company with emission worth IDR4 trillion--5 trio this year.

Mandiri Sekuritas Investment Banking Director Iman Rachman said they already obtained mandate from future emitters which will listed their shares in 1st semester or 2nd semester.

Petrosea posted US$40 mio net profit

BI / exchange

1/3/2011
Irvin Avriano A.
Bisnis Indonesia

Petrosea posted US$40 mio net profit

JAKARTA: PT Petrosea Tbk net income predicted higher than US$40 million during 2010, or at least increased by 2415% of net profit booked in 2009 amounted to US$1.59 mio.

"The [Petrosea] contribution was increased to more than US$40 million," said Vice President Director of PT Indika Energy Tbk Wishnu Wardhana told the press this afternoon. Indika is a controlling shareholder as well as the majority of Petrosea.

Amstelco pocketed interest new standby buyers

BI/bursa

1/3/2011
Irvin Avriano A.
Bisnis Indonesia

Amstelco pocketed interest new standby buyers

JAKARTA: PT Amstelco Indonesia Tbk (previously PT Indocitra Finance Tbk) pocketed interest from several new potential future shareholder that intend to absorb new shares in their IDR5.1 trillion rights issue. Previously, the standby buyer only Amco Plc.

"We obtain several interesting institution, either from local or foreign investors," said Robert J.H. Bonnier to the press this beginning of the week.

IDX prohibit Sierad reverse stock

BI/bursa

28/2/2011
Irvin Avriano A.
Bisnis Indonesia

IDX prohibit Sierad reverse stock

JAKARTA: Indonesia Stock Exchange (IDX/PT Bursa Efek Indonesia/BEI) prohibit PT Sierad Produce Tbk plan to held a 10:1 reverse stock action in the near term.

"We see no urgent needs for the company to do such a sensitive corporate action, and also several of their track record give us consideration, especially the similar reverse stock that been done many years ago," said IDX Company Assessment Director Eddy Sugito to Bisnis on Monday.