Fri, 12 Aug 1994

Bakrie sells 6.8m shares

JAKARTA (JP): Hanil Leasing Company Ltd. of South Korea has acquired 4.25 million shares of PT Bakrie Finance Corporation (BFC) and the Manila-based Asian Development Bank (ADB) another 2.55 million shares.

A spokesman for Bakrie Finance said here yesterday that the transactions for the share acquisition were made last Friday at the Jakarta Stock Exchange under the coordination of PT Bakrie Nusantara Corporation.

After the acquisition, Bakrie Finance is now owned by Bakrie Nusantara Corporation (holding 15.84 million shares), Hanil (4.25 million), ADB (2.55 million), PT Metropolitan Development (1.80 million), PT Mitra Interjasa Corpora (1.07 million) and the investing public (1.48 million), he said.

The spokesman also said that Bakrie Finance acquired the 100 percent stake of PT Bakrie Nusantara Multi-Finance Company last Friday.(fhp)