Mulialand to acquire firm<\/p>\n
JAKARTA (JP): PT Mulialand, a publicly-listed property
\ndeveloper, said yesterday that it has raised upwards its profit
\nprojection from Rp 114 billion (US$48 million) to Rp 140 billion
\nfor this year.<\/p>\n
The company said in statement that the revision was made based
\non higher foreseeable revenues from several new income sources,
\nincluding office rental of the GKBI building and rents of its
\nTaman Anggrek mall.<\/p>\n
The statement said that the company got shareholders' approval
\nyesterday to acquire PT Muliacemerlang Dianpersada,
\nthe operator of the GKBI building, at a cost of Rp 141 billion.<\/p>\n
The GKBI building is located on Jl. Sudirman, Central Jakarta<\/p>\n
"Revenues from the rents of our office space and shopping mall
\nare estimated to reach Rp 263.8 billion this year, compared with
\nRp 165 billion last year," an executive of the company, Tjahja
\nSatiadi, said in a statement.<\/p>\n
The statement also said that at their annual meeting
\nyesterday, the company's shareholders approved to pay out 40
\npercent of the company's 1995 net profits, totaling Rp 37
\nbillion, in final dividends.<\/p>\n
The shareholders also approved the management's plan to issue
\n113.4 million shares, to be priced at Rp 1,250 each, through a
\nlimited offering.<\/p>\n
Proceeds of the rights issue will used to finance the planned
\nacquisition. (alo)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/mulialand-to-acquire-firm-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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