Perdana Cipta acquires Alindo<\/p>\n
JAKARTA (JP): Publicly listed PT Perdana Cipta Multi Finance
\nhas acquired 59,900 shares or 99 percent of PT Alindo Internusa
\nFinance at Rp 100,000 (US$43) per share.<\/p>\n
Perdana Cipta's chief commissioner Johannes Budisutrisno Kotjo
\nsaid yesterday the acquisition was part of his business group's
\nrestructuring program.<\/p>\n
He said Perdana Cipta would, under the restructuring plan, be
\noperated as a holding company specializing in financial
\nactivities.<\/p>\n
\"Perdana Cipta will become our financial holding company with
\nthe new name of PT Perdana Inti Investama. And Alindo will take
\nover the financial business of the former PT Perdana Cipta Multi
\nFinance,\" he said.<\/p>\n
Kotjo said Alindo's paid-up capital would be increased from
\nabout Rp 6 billion to between Rp 50 billion and Rp 100 billion to
\nback up its business expansion. He said the shares' nominal value
\nwould also be lowered to Rp 500 from Rp 100,000 at present.<\/p>\n
The company's shareholders had approved the restructuring plan
\nbut \"we don't know yet when we can fully implement the plan\", he
\nsaid.<\/p>\n
Kotjo said that as part of the restructuring, his company was
\nnow trying to acquire a bank and a securities firm but he
\ndeclined to name them.<\/p>\n
\"I cannot tell you yet. We're still pursuing negotiations. But
\nwhat I can say is that I prefer to take over already-listed
\ncompanies.\"<\/p>\n
Kotjo reportedly planned to take over publicly listed Bank
\nPapan Sejahtera and Andromeda Securities. He was also reported to
\nacquire Putrajuang Sekupindo, whose operations were suspended by
\nthe Capital Market Supervisory Agency (Bapepam) on Oct. 29.<\/p>\n
But he denied the reports, saying they were rumors.<\/p>\n
In January, Perdana Cipta raised its authorized capital from
\nRp 100 billion to Rp 500 billion and split one old share into two
\nnew shares. The split was undertaken by halving the nominal value
\nof the shares from Rp 1,000 to Rp 500.<\/p>\n
The company's net profit last year reached Rp 14 billion, as
\ncompared to Rp 9 billion in 1994. It expects an increase of about
\n20 percent in its net profit this year. (bnt)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/perdana-cipta-acquires-alindo-1447893297",
"image": ""
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