Ristia divests ownership

Sat, 30 Jan 1999, 00:00 WIB | Source: JP

JAKARTA (JP): Publicly listed PT Ristia Bintang Mahkota Sejati
said Friday that its subsidiary PT Ciptjaya Kontrindoreksa plans
to offer shares to the public.

The company said in a statement that the proceeds from the
public offering would be used to repay its debts and increase its
working capital.

Ristia, engaged in the development of small and medium size
houses, said in a statement that the company's subsidiary capital
market debut would eventually reduce its sharehownership in
Ciptajaya to 50.1 percent from 86 percent currently. (aly)

View JSON | Print