Investors buy into NISP

JAKARTA (JP): Publicly listed Bank NISP announced on Monday the sale of exchangeable notes to Moore Investment Ltd., Hurst Investment Ltd. and Stiles Investment Ltd. in a transaction arranged by Regent Pacific recently.

Corporate secretary Wahyu Dewanti told The Jakarta Post the transaction was purely based on investment purposes.

"Foreign investors do not want to control the management," she said, pointing out they collectively would be allowed to hold between 28 percent and 35 percent of the bank's entire shares.

"We will formally announce that, probably on Feb. 10."

Bank NISP is currently 33.46 percent owned by PT Udayawira Utama, 33.46 percent by PT Suryasono Sentosa, 0.08 percent by Karmaka Surjaudja and 33 percent by the investing public. (aly)