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Monday, August 8, 2011

Jababeka Acusition on Banten West & Tanjung Leisure Worth Rp1,5 triliun

PT Kawasan Industri Jababeka Tbk plans to acquire PT Banten West Java Tourism Development and PT Tanjung Leisure Industry with the acquisition reached Rp1, 5 trillion. Based on the company delivered a letter to the Indonesia Stock Exchange (BEI) at the end of this week, President Director Jababeka Setyono D. Darmono said the company has signed a purchase agreement the two companies on August 3, 2011.

"The Company plans to buy 100% stake in West Java and Banten 21.63% stake in Cape Leisure for a total purchase price of Rp1, 5 trillion," he said.

Darmono expose the company will buy shares of Banten West Java Green Emerald Investment Ltd.., PT Pratama Duta Nuance, the Milky Way PT Inti Pratama, PT Sapta Manunggal Investama, PT Tanjung Lesung Paradise, Bramelis Investment Pte. Ltd., And Meadowood Capital Ltd..

Meanwhile, for the Cape Leisure shares, he said the company would be purchased from PT Sapta Manunggal Investama many as 7.39 million shares or equivalent to 21.63% of the total shares issued and fully paid.

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