Indonesian Political, Business & Finance News

Archive: 31 May 1996

61 articles found

House demolition on hold for compensation deal

House demolition on hold for compensation deal JAKARTA (JP): Central Jakarta Mayor Abdul Kahfi yesterday agreed to call a halt to the demolition of houses on a disputed plot of land in the Kebon Kacang sub-district until agreement is reached between residents and a private developer on the price to be paid for the land. The mayor's decision followed renewed demands by one of the two legislators who had earlier conveyed their objections to the mayor.

Semen Cibinong takes over state firm

Semen Cibinong takes over state firm JAKARTA (JP): The publicly listed PT Semen Cibinong is to acquire all the assets of PT Semen Nusantara, for around Rp 650 billion (US$282.60 million). The takeover, which was unanimously approved by shareholders yesterday, will increase the cement production capacity of Semen Cibinong to 4.3 million tons per year from 2.9 million tons at present.

RI to relax regulations on tourism

RI to relax regulations on tourism JAKARTA (JP): The government will issue next week a new regulation allowing foreign tourists to visit the country by driving their own vehicles through sea and land borders, said Coordinating Minister for Production and Distribution Hartarto.

Service improvement urgent

Service improvement urgent Of late, the cellular phone market has been suffering a rather unhealthy condition. First, a black market has developed to upset official market prices. Second, consumer complaints about the quality of the service provided by operators, particularly as related to the high rate of unsuccessful calls, have been increasing.

Soldiers rescuing Irian hostages get promotion

Soldiers rescuing Irian hostages get promotion JAKARTA (JP): More than 100 soldiers were promoted yesterday for their role in ending the four-month hostage drama in the Irian Jaya jungle earlier this month. The troops from the army, air force, navy and police also received awards for their role in securing the safe release of nine captives from the Free Papua Movement rebels. Those promoted were all below colonel.

Bimantara not to issue rights shares immediately

Bimantara not to issue rights shares immediately JAKARTA (JP): Publicly-listed conglomerate PT Bimantara Citra said yesterday it will not issue rights shares this year or next to finance the expansion of its subsidiaries. "We will not conduct rights issues until after next year because we have our own five-year plans, called Relitara, for the 1992-1997 period," the company's vice president, Rosano Barack, said after the annual shareholders meeting here.

PT PGN to build 800-kilometer gas pipeline

PT PGN to build 800-kilometer gas pipeline JAKARTA (JP): State-owned PT Perusahaan Gas Negara (PGN) is to build an 800-km gas pipeline connecting the Asamera gas field in Jambi province, Duri in Riau and Batam. It is expected to cost US$600 million. "We'll tender the construction of the pipeline soon. We've already approved seven companies, both Indonesian and foreign, to participate in the international tendering process.

'Affandi and Family' to display 100 paintings

'Affandi and Family' to display 100 paintings By Parvathi Nayar Narayan JAKARTA (JP): Among contemporary artistes, it is rare for a painter to be a household name -- that is a privilege usually reserved for movie stars and musicians. Affandi, however, is an exception, a name familiar to most Indonesians. His death in 1990 was widely mourned, even an exhibition was held posthumously at the Smithsonian Institute, Washington D.C.

WB proposals to tackle traffic jams discussed

WB proposals to tackle traffic jams discussed JAKARTA (JP): A transportation expert has suggested that the city should start setting up areas where motorists can park their vehicles and board buses. Provided motorists feel they are leaving their cars in good hands, the 'park and ride' concept would discourage the use of private cars during peak hours, Falatehan Siregar, a staff member at the planning bureau of the Agency for the Assessment and Application of Technology argued.

PT Indorama expects Rp 131 b ent profits

PT Indorama expects Rp 131 b ent profits JAKARTA (JP): PT Indorama synthetic, Indonesia's largest polyester producer, expects the price of purified terephthalic acid (PTA) to drop to $600 per ton on the world market due to a glut in supplies.

TV today

TV today TVRI 2:30 p.m. My Country 3:05 Teenage Program: Indonesian Teenager 3:30 TV Series: Fresh Prince of Bell Air 4:05 Comedy 4:30 Quiz: Cerdas Cermat 5:00 Evening News 5:30 Library World 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Variety Program: Keanekaragaman Hayati 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 Variety Program: Dinamika 8:00 News: Lintasan Berita 8:05 Music: Permata Nusantara 9:00 World News 9:40 Music: Nada dan...

Redress gaps between regions, Soeharto says

Redress gaps between regions, Soeharto says JAKARTA (JP): President Soeharto yesterday called for greater efforts to bridge the gap of development between regions. Opening the national meeting of the Ministry of Transmigration, Soeharto said that the eastern part of Indonesia developmentally lags behind the western regions, and that resettlement programs can help redress the situation.

Prejudice-free cultural ties needed

Prejudice-free cultural ties needed JAKARTA (JP): Cultural ties between countries should be built upon trust, noted cultural observer M. Boediardjo said here yesterday. The former Indonesian ambassador to Cambodia and Spain told The Jakarta Post that people need to avoid suspicion, bias and prejudice, which in many cases are quite dominant.

Galang Island loses refugees

Galang Island loses refugees PADANG, West Sumatra: The local police command will dispatch 129 members of the mobile brigade under Maj. Syari Gunawan to Galang Island to secure the repatriation of Vietnamese refugees. Local deputy police chief Col. Junus Simanjuntak said Wednesday the sending of the elite police force was meant to show the world Indonesia's commitment to promoting peace, Antara reported.

900 marine species endangered

900 marine species endangered KUPANG, East Nusa Tenggara: The Komodo National Park and the seas near Flores Island boasts 900 marine species which have to be protected, a local official said yesterday. Chief of the Manggarai regency tourism office, Polce Boleng, said the species were identified by a World Bank team that conducted a study on coral reefs and marine life there last year. The study focused on the future of the Komodo dragon habitat in 25 years to come.

U.S. bond issue won't be used to finance deficit

U.S. bond issue won't be used to finance deficit JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono emphasized yesterday that proceeds of the government's bonds to be issued in the United States in August will not be used to finance the country's current account deficit. "It is not the money we want to get but to set a benchmark for private offshore borrowings," he said at a lunch hosted by the Indonesia Netherlands Association (INA).

Mulialand to acquire firm

Mulialand to acquire firm JAKARTA (JP): PT Mulialand, a publicly-listed property developer, said yesterday that it has raised upwards its profit projection from Rp 114 billion (US$48 million) to Rp 140 billion for this year. The company said in statement that the revision was made based on higher foreseeable revenues from several new income sources, including office rental of the GKBI building and rents of its Taman Anggrek mall.

Kurniawan to join team for Asia Cup

Kurniawan to join team for Asia Cup JAKARTA (JP): Indonesia's international striker Kurniawan Dwi Yulianto has finally received the call to play in the Asia Cup warm-up match against the Italian side Sampdoria in Medan, North Sumatra on June 4. National team manager Danurwindo told a press conference yesterday that the international friendly, one of four warm-ups for the Cup finals in Dubai from Dec. 2 to Dec. 16., will serve as a final trial before he names his 18-man squad.

'Talks needed on demolition'

'Talks needed on demolition' TANGERANG (JP): The Golkar faction of the House of Representatives asked the regency administration here to hold talks with residents before demolishing their homes in Dadap village. Yesterday legislators visited the regency office in relation to its plan to demolish 639 houses, mostly belonging to fishermen, in the Kosambi district. Officials say the site on which some 5,000 people live belongs to state-owned airport operator PT Angkasa Pura II.

Burkina Faso

Burkina Faso I would like to share with your readers one of the funniest experiences in my life. This experience is relevant to the visit of Burkina Faso President, Blaise Campaore, to Indonesia. Last year I was among 200 Humphrey fellows visiting the U.S. We all wore names tags on which our country and names were written. At one gathering, an American lady approached my colleague from Burkina Faso.

The Tony Awards have snob appeal

The Tony Awards have snob appeal By Vernon Scott HOLLYWOOD (UPI): There exists a cultural distinction between America's East and West coasts, particularly apparent in show business. The differentiation will be evident at the Tony Awards June 2 at the Majestic Theatre in New York. Coming as they do, a couple of months after the Oscars, the Tonys crystallize the contrast between New York's reverence for the arts with the crass commercialism of Hollywood -- at least in the eyes of New Yorkers.

Kenyans runners in top form

Kenyans runners in top form BRATISLAVA (Reuter): Three men set year's fastest times at the Slovnaft international athletics meeting on Wednesday. Kenya's Christopher Koskei, silver medalist at last year's world championships, clocked eight minutes 17.70 seconds in the 3,000-meter steeplechase, running barefoot ahead of team mates Wilson Kipketer and Johnstone Kipkoech.

Hotel employees go on strike

Hotel employees go on strike JAKARTA (JP): Some 150 employees of Hotel John Pardede International in Central Jakarta went on strike yesterday to demand minimum wages. Ade, a spokesman, said the employees of the hotel on Jl. Raden Saleh receive an average of Rp 110,000 (US$47.30) a month. The employees demanded Rp 5,200 a day as regulated by the government, or Rp 156,000 a month.

Tiger breeding in Lampung

Tiger breeding in Lampung BANDAR LAMPUNG, Lampung: Tiger Project, an international organization concerned with tigers' survival, is trying to breed the endangered Sumatran tiger in the Way Kambas National Park. Chief of the provincial forestry office Eko Wardoyo and chief of the conservation office Harjanto told Antara yesterday the Sumatran tiger population has been dwindling at an alarming rate due to poaching. Harjanto said tigers also multiply slowly.

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: The Praise Vocal Group, nightly except Sundays, from 8 p.m. to 11 p.m. * Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Los Morenitos Vocal Group, Monday, Thursday, Sunday from 7:15 p.m. to 11 p.m.; Los Paraguas Vocal Group, Tuesday, Wednesday, Friday, Saturday from 7:15 p.m. to 11 p.m.

Seagate's Malaysian plant

Seagate's Malaysian plant SINGAPORE (AFP): Leading U.S. electronics firm Seagate Technology Inc. is to set up a new manufacturing plant in Malaysia to support operations in Indonesia and Singapore, officials said yesterday. The move was announced after Seagate chief executive officer Al Shugart said in remarks published Wednesday that his company might not invest further in Singapore because of "unfair competition" from a government-owned company.

No new political parties allowed: Soesilo

No new political parties allowed: Soesilo JAKARTA (JP): A limited cabinet meeting decided yesterday to take action against the new political party founded by sacked legislator Sri Bintang Pamungkas "if it conducts political activities". Coordinating Minister of Political Affairs and Security Soesilo Soedarman, after chairing a meeting of ministers under his coordination, told a press conference that no new parties would be allowed.

Where to go in Bali:

Where to go in Bali: Music and Entertainments * Grand Hyatt Bali, Nusa Dua: Pasar Senggol - Balinese Arts & Crafts, daily. Sunset Procession, daily. Ramayana Dance, Thursday. Legong Dance, Saturday. Arjuna Wiwaha Dance, Sunday. Rejang, Puspawresti, Belibis and Jaran Teji dances, Monday. Kecak Dance, Friday & Tuesday. Jegog Dance, Wednesday. Pesona Lounge - Live music by Philipino Guitar duo, Medi & Boy, daily. Lila Cita Fun Pub - Rakata Disc Band, Friday & Monday.

Kuta hucksters

Kuta hucksters On a recent holiday to Indonesia, during which we traveled all over Java and to Bali by regular bus lines, we met numerous kind and honest people who made this vacation an unforgettable experience. Our stay in Bali (Kuta) would have been more enjoyable if the vendors were not as aggressive. Our friend, a European who speaks fluent Bahasa Indonesia, was on more than one occasion ridiculed when he dared object to the quite often obnoxious behavior.

University hosts festival to promote Betawi culture

University hosts festival to promote Betawi culture DEPOK (JP): The latest effort to promote the culture of the Betawi (original Jakartans) is the two-day Pesta Betawi 1996 festival, held yesterday and today at the University of Indonesia. The event by the student body of the university's School of Letters in Depok features a discussion on Betawi culture, art shows and a Betawi food festival. "The festival is aimed at promoting Betawi culture, the place of campus," M.

RI begins clearing Galang of boat people

RI begins clearing Galang of boat people JAKARTA (JP): The military will repatriate 200 Indochinese boat people from Galang Island by sea tomorrow in a new drive to clear the island of all remaining Vietnamese and Cambodians who have overstayed their welcomes. In all, 4,308 Vietnamese and 320 Cambodians will be repatriated by the end of the month, Armed Forces Chief of General Affairs Lt. Gen. Soeyono told reporters yesterday.

Bekasi residents upset over ID cards

Bekasi residents upset over ID cards BEKASI, West Java (JP): Thousands of Bekasi residents have complained about the complicated process involved in getting and renewing ID cards, now that birth certificates are a prerequisite. The residents said most of them have birth acknowledgement documents, known locally as akta kenal lahir, instead of birth certificates, or akta kelahiran.

Betawi painting expo

Betawi painting expo JAKARTA (JP): In conjunction with the 469th anniversary of Jakarta, the Omni Batavia Hotel is holding a Betawi Painting Exhibition by city painter Sarnadi Adam. The exhibition will take place in the Pre-function Batavia Ballroom, on the second floor of Omni Batavia Hotel, Jl. Kali Besar Barat, West Jakarta. Sarnadi Adam, who was born 40 years ago in Simprug village, will show 40 of his paintings.

Govt questions wisdom of recent protests

Govt questions wisdom of recent protests JAKARTA (JP): Coordinating Minister for Political Affairs and Security Soesilo Soedarman yesterday questioned the wisdom of many recent street demonstrations, arguing that the issues they raised were already being handled by the government. "Don't people trust the government anymore?" Soesilo asked when briefing reporters after a meeting to review this month's political and security situation with other ministers.

S&P affirms RI's long term rating

S&P affirms RI's long term rating SYDNEY (Reuter): Standard and Poors Corp (S&P) said yesterday it had affirmed Indonesia's long term foreign currency rating at BBB and assigned its A-plus local currency rating. S&P said the outlook for the ratings was stable. S&P said the ratings are supported by Indonesia's long standing commitment to prudent fiscal management.

Indonesia's week of glory in Hong Kong

Indonesia's week of glory in Hong Kong Photo caption Photo A/B: Smiles Bola/Bola SMILES: The Indonesian mens team (left photo) wave to fans after the Thomas Cup trophy presentation. They beat Denmark 5-0 in the Cup final on Sunday for their 10th title. Their female teammates (above) had earlier won their third Uber Cup trophy with an upset 4-1 win over China on Saturday.

Last batch of haj pilgrims from Indonesia return home

Last batch of haj pilgrims from Indonesia return home JAKARTA (JP): The last plane bringing home Indonesians from the haj pilgrimage landed at the Halim Perdanakusuma airport yesterday afternoon, smoothly concluding the haj operation whose early stages were marked with glitches. Minister of Religious Affairs Tarmizi Taher, Armed Forces Commander Gen.

Pot in pots

Pot in pots BANDAR LAMPUNG, Lampung: Police have seized marijuana that was being grown in 10 pots in the backyard of a resident. The police raided the home of a 33-year-old man on Jl. Urip Sumoharjo on Tuesday night on a tip from another resident, Antara reported yesterday. A police officer said the suspect, who is undergoing questioning, has admitted he obtained the marijuana seeds from a friend in Jakarta.

Dickenson's Chocolate Lattice Fruit Baskets

Dickenson's Chocolate Lattice Fruit Baskets Chocolate Lattice Fruit Baskets Chocolate Lattice Fruit Baskets is Margaret H. Dickenson's version of strawberries and cream. Creating the pastry lattice baskets is the only real work required in preparing the recipe. The baskets may be prepared and painted weeks in advance, and refrigerated. The rest is simple. This recipe is a favorite in the Dickensons' home when preparation time is at premium on the day of the event.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 30, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 650 -25 64,500 Andayani Megah 1,350 -25 329,000 Aneka Kimia Raya 4,400 0 0 Anwar Sierad 2,275 -50 24,500 Aqua Golden Mississippi 2,300 0 2,500 Argha Karya Prima Industry 3,250 0 66,500 Argo Pantes 2,100 0 0 Asahimas Flat 2,725 -50 65,000 Asiana IMI...

Looking to the future to tell the story of the past

Looking to the future to tell the story of the past By Jane Freebury JAKARTA (JP): A look at Indonesia's celebrated mix of cultures is available on all television stations simultaneously every Sunday morning through the program Anak Seribu Pulau. The producers Garin Nugroho and Mira Lesmana (Miles Productions) hatched the idea in response to being commissioned to produce a documentary to celebrate 50 years of independence in Indonesia last year.

U.S. govt reveals militant's deadly plot

U.S. govt reveals militant's deadly plot NEW YORK (Reuter): Ramzi Ahmed Yousef, seeking to punish America for its support of Israel, plotted bombings of 12 U.S. jets last year in an attempt to kill more than 4,000 passengers in two days, the prosecution said on Wednesday.

Itochu Corporation joins Prasedha's rubber subsidiary

Itochu Corporation joins Prasedha's rubber subsidiary JAKARTA (JP): PT Aneka Bumi Pratama, a subsidiary of publicly listed PT Prasidha Aneka Niaga, signed here yesterday a joint venture agreement with Itochu Corporation of Japan to increase its crumb rubber production capacity from 70,000 tons at present to 90,000 tons per year.

World watches drama unfold in Israel

World watches drama unfold in Israel NICOSIA (AFP): All eyes were on Israel yesterday as rightwing challenger Benjamin Netanyahu looked set to snatch victory from veteran peacemaker Shimon Peres threatening to derail the fragile Middle East peace process. "The election of Netanyahu is a declaration of war against Palestinians and the Arabs," thundered a Hamas leader in Gaza, Ghazi Hamad. "The Israelis don't want peace.

Japan will suffer losses if it quits from Indonesia

Japan will suffer losses if it quits from Indonesia JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo said yesterday that Japan would suffer losses if it stopped investing in Indonesia merely because of the national car program. "We shouldn't be worried because they would be the losers if they abandon Indonesia, a huge market with high economic growth and low production costs," Sanyoto said at his office here.

Mas Murni's revenues rise

Mas Murni's revenues rise SURABAYA, East Java (JP): PT Mas Murni Indonesia, which has operations in the hotel business, said it reaped Rp 35.95 billion (US$15.63 million) in revenues last year, 31 percent higher than the Rp 27.5 billion recorded in 1994. Mas Murni's president, Djaja Santoso, told the press after a shareholders meeting here yesterday that the company's before-tax profits last year rose by 41 percent to Rp 21.9 billion.

Buffalo stroke entertains tourists

Buffalo stroke entertains tourists BANJARMASIN, South Kalimantan: Tourism officials in this province now know how to make the ubiquitous swamps and buffalo a bit more useful. They herd tourists, foreign and local, to swamps to see a peculiar buffalo swimming race. Hulu Sungai Utara regent Suhailin Muchtar proudly said yesterday the race has turned out to be effective and he means to make it one of the regency's main attractions.

Meekatharra renegotiates deal with Teck Corp.

Meekatharra renegotiates deal with Teck Corp. SYDNEY (Reuter): Australian gold miner Meekatharra Minerals Ltd. said yesterday it had renegotiated the deal covering its strategic alliance with Canada's Teck Corp. The alliance, originally signed in 1994, was designed to identify and apply for new contracts of work in prospective Indonesian areas. Under the original terms, Teck provided the cash deposits which are required to secure new deposits with no cost to Meekatharra.

House fire in W. Jakarta

House fire in W. Jakarta JAKARTA (JP): An electrical short-circuit yesterday started a house fire on Jl. Mangga Ubi, in the Kapuk subdistrict, West Jakarta. Eight fire trucks were deployed to extinguish the house which lasted for an hour, starting at 15:35 p.m. Estimated losses of Rp 6 million were reported. (14)

RI workers in Kuwait legally protected

RI workers in Kuwait legally protected JAKARTA (JP): The Kuwaiti government guaranteed yesterday that all Indonesians and other foreigners legally working in the country are protected by laws. Ahmed Khaled al-Khulaib, the Kuwaiti Minister of Labor and Social Affairs, said he believed his country is among the few in the world that legally protects expatriate workers.

U.S. Senator to visit E. Timor

U.S. Senator to visit E. Timor JAKARTA (JP): Visiting U.S. Senator Claiborne Pell yesterday held an exchange of views with Minister of Foreign Affairs Ali Alatas concerning East Timor and human rights. "We just had a general exchange of views. I don't want to go into specifics," Senator Pell told journalists after meeting with Alatas here.

Dickenson drafts 'Blueprints for Creative Entertaining'

Dickenson drafts 'Blueprints for Creative Entertaining' By Rita A. Widiadana JAKARTA (JP): Entertaining guests is really not an easy job. It needs accurate planning. Margaret H. Dickenson has all the entertaining answers. After accompanying her diplomat husband, Canadian Ambassador to Indonesia Lawrence T. Dickenson, in 28 years of foreign service, she has accumulated a lot of important know-how in entertaining guests.

Sri Bintang's new party

Sri Bintang's new party For years many people have complained that Indonesia's current political system is outdated and should be reformed in line with new developments. One should remember that the current system was created and tailored by the New Order government some 25 years ago to depoliticize the country in order to achieve the "national stability" which was perceived as a prerequisite for the national development drive. Under this system only three political parties are allowed.

YLKI slams express bus fare increase

YLKI slams express bus fare increase JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) yesterday blasted the Land Transport Owners Organization (Organda) for increasing the fare of air-conditioned express buses from Rp 1,300 to Rp 1,800 (78 US cents). YLKI chairperson Tini Hadad asked the organization to review its decision and set the fare lower than Rp 1,800. "The organization should not feel it will `lose face' by doing that," Tini said yesterday.

Sinar Mas revamps its multifinance company

Sinar Mas revamps its multifinance company JAKARTA (JP): PT Sinar Mas Multiartha, a publicly-listed multifinance arm of the Sinar Mas Group, said yesterday it will change its line of business because, under its current standing, it does not comply with government rulings on multifinance firms.

Local steel grating company optimistic

Local steel grating company optimistic JAKARTA (JP): PT Webforge Indonesia, a manufacturer and fabricator of steel grating whose prices are said to be 20 percent lower than imports, is optimistic that its products will win a place on the domestic market.

Bimantara Citra to launch national cars in July

Bimantara Citra to launch national cars in July JAKARTA (JP): Publicly-listed Bimantara Citra, controlled by President Soeharto's son Bambang Trihatmodjo, plans to unfurl its "national" cars -- to be called Bimantara -- in July. Bambang said here yesterday that Bimantara's automotive arm, PT Bimantara Cakra Nusa, had acquired brand licenses from the government to produce the Bimantara Cakra car, with a 1,500cc engine, and the Bimantara Nenggala car, with a 1,600cc engine.

Fair employees protest over retirement money

Fair employees protest over retirement money JAKARTA (JP): Representatives of more than 300 former employees of the Jakarta Fair Foundation filed a complaint with the city council yesterday over their future severance pay. Employees said their current employer, a joint venture including the foundation set up in 1992, is considering those with up to 20 years of service as new workers.

Health workers face difficulties

Health workers face difficulties By Stevie Emilia BELU, East Nusa Tenggara (JP): Yeswelda Mali, a midwife in Lamaknen district, wakes up at the first cockcrow, bicycles to the Weluli village clinic, and often waits hours before a pregnant woman finally comes in for an examination.

Sukamto raises Amcol stake

Sukamto raises Amcol stake SINGAPORE (Reuter): Indonesian businessman Sukamto Sia, preparing for a boardroom battle later this month, has bought 1.55 million more shares in trading firm Amcol Holdings Ltd, bringing his stake in the company to more than 13 percent.

Firm gives bonus shares

Firm gives bonus shares JAKARTA (JP): PT Bakrie Sumatra Plantations has announced that it is to split its stocks and distribute bonus shares and dividends. The company said in a statement that its annual shareholders meeting yesterday agreed to the company's plans to split stocks and issue bonus shares. For every five existing shares holders would be eligible to get nine bonus shares.