PT Bhuwanatala Indah Permai TBK cancelled the acquisition of 96.36% stake in PT Tridaya Investindo from Maria and an unknown seller.
November 29, 2013 at 04:00 am
PT Bhuwanatala Indah Permai TBK (JKSE:BIPP) signed an agreement to acquire 96.36% stake in PT Tridaya Investindo from Maria and an unknown seller for approximately IDR 140 billion on October 16, 2012. Under the terms, 20000 shares representing 90.91% stake will be acquired from an unknown seller for IDR 127.36 billion and 1200 shares representing 5.45% stake from Maria for IDR 7.64 billion. The deal is funded partially from approximately IDR 170 billion public offering of shares of PT Bhuwanatala Indah Permai TBK and from sale of PT BIP Lokakencana and PT BIP Nusatirta. As of November 30, 2012, the transaction has been approved by shareholders of PT Bhuwanatala Indah Permai. KJPP Maulana, Andesta & Rekan provided investment valuation for the deal. As of May 27, 2013, PT Bhuwanatala Indah Permai approved the cancellation to carry out the second agenda in the EGMS on November 30, 2013 on the approval of the acquisition of the shares.
PT Bhuwanatala Indah Permai TBK (JKSE:BIPP) cancelled the acquisition of 96.36% stake in PT Tridaya Investindo from Maria and an unknown seller on November 29, 2013.