{
    "success": true,
    "data": {
        "id": 1042556,
        "msgid": "ptlk-sells-shares-1447893297",
        "date": "1996-02-29 00:00:00",
        "title": "PTLK sells shares",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "PTLK sells shares HONG KONG (Reuter): Indonesian property developer PT Lippo Karawaci (PTLK) planned to seek a listing on the Jakarta Stock Exchange in June, Lippo Group members Hongkong China Ltd and Lippo Ltd said in a joint statement yesterday. PTLK would make an initial public offering (IPO) of 30.80 million shares or 8.1 percent of its share capital, they said.",
        "content": "<p>PTLK sells shares<\/p>\n<p>HONG KONG (Reuter): Indonesian property developer PT Lippo<br>\nKarawaci (PTLK) planned to seek a listing on the Jakarta Stock<br>\nExchange in June, Lippo Group members Hongkong China Ltd and<br>\nLippo Ltd said in a joint statement yesterday.<\/p>\n<p>PTLK would make an initial public offering (IPO) of 30.80<br>\nmillion shares or 8.1 percent of its share capital, they said.<\/p>\n<p>Prior to the flotation, Hongkong China has agreed to buy<br>\nHK$633 million in PTLK convertible bonds due 2003 and 70 million<br>\nPTLK shares from Lippo Capital Ltd for a total HK$1.34 billion,<br>\nthe companies said.<\/p>\n<p>Lippo Capital is owned by the Riady family, which also holds<br>\n69.7 percent of Hongkong China, 58.4 percent of Lippo Ltd, and<br>\nall shares of PTLK, the statement said.<\/p>\n<p>The lead manager for the IPO, PT Pentasena Arthasentosa, had<br>\nadvised to price PTLK at Rp 3,250 per share, it said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ptlk-sells-shares-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}