Astra confirms Henry Pribadi's transactions<\/p>\n
JAKARTA (JP): PT Astra International confirmed yesterday that
\none of its majority shareholders, Henry Pribadi, sold 30 million
\nworth of his Astra shares through the Jakarta Stock Exchange
\n(JSX) last month.<\/p>\n
A public relations officer at Astra said, however, that the
\nrecord on the portion of the shares held by Henry's company,
\nNumber 6 Enterprises Ltd., remained unchanged at 3.26 percent as
\nof Sept. 30, because new investors had yet to register their
\nshares at Astra's share registration office.<\/p>\n
Early this week, businessman Putera Sampoerna and his
\ncigarette company PT HM Sampoerna disclosed that they had bought
\nup to 12 percent of Astra's shares but declined to explain from
\nwhom they were acquired.<\/p>\n
Astra did not mention the value of Henry's transactions but
\nsaid that Henry sold his shares in four different transactions.<\/p>\n
In a report to the JSX dated Oct. 1, Astra said that Henry's
\nsale transactions were carried out on Sept. 4, 5, 17 and 24.<\/p>\n
Meanwhile, investors continued to take profit on Astra shares
\nyesterday.<\/p>\n
A dealer with a Japanese-based brokerage told The Jakarta Post
\nthat Astra is no longer interesting in terms of short-term
\ninvestment.<\/p>\n
"A profit taking trend emerged yesterday and might continue in
\nthe next few days," the dealer said.<\/p>\n
Astra's share price closed two points lower yesterday at Rp
\n3,600 after hitting a low of Rp 3,550, while its foreign price
\nstood at Rp 4,550.<\/p>\n
The dealer said several foreign brokerages, particularly the
\nnewly-established SBC Warburg, continued heavy buying of Astra
\nshares.<\/p>\n
He said that two crossing transactions were executed by SBC
\nWarburg yesterday at Rp 4,000 and Rp 4,750 per share, with
\ntrading volumes of one million shares and 3.36 million shares
\nrespectively.<\/p>\n
Another dealer with a London-based securities firm said that
\ntechnically, the investors' profit taking action was responsible
\nfor the further decline of Astra's share price.<\/p>\n
"But I would prefer to say that several parties who already
\nown Astra shares are expecting lower prices because they are
\nstill looking for more shares," he told the Post.<\/p>\n
He said that in a normal market mechanism, Astra's share price
\nshould continue to increase as long as "takeover" rumors are
\nstill on the market. (alo)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/astra-confirms-henry-pribadis-transactions-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}