Singaporean firm to acquire over 25 % of Trimegah shares
Jakarta (ANTARA News) - Singaporean investment company Excel Holdings Private Limited which is fully owned by Oversea-Chinese Bank Corporation Ltd (OCBC Bank) will acquire more than 25 percent of the paid-up shares of PT Trimegah Securities (TRIM) from some of the latter`s stakeholdders, an Excel spokesman said.
Hadiputranto, Hadinoto & Partners public accountant acting on behalf of Excel told the Capital Market Supervisory Agency-Financial Institutions (Bapepam-LK) head here Tuesday that Excel had begun negotiating a plan to acquire more than 25 percent of TRIM`s stocks from several shareholders at the price of Rp160 per share.
When the parties concerned had agreed to the conditions of the acquisition and after the signing of a document on the acquisition, Excel would make a tender offer for the TRIM shares in accordance with Bapepam regulations.
PT Trimegah Securities director Rosinu said recently the acquisition of half of Trimegah shares by OCBC was still in the process of being negotiated. (*)
Hadiputranto, Hadinoto & Partners public accountant acting on behalf of Excel told the Capital Market Supervisory Agency-Financial Institutions (Bapepam-LK) head here Tuesday that Excel had begun negotiating a plan to acquire more than 25 percent of TRIM`s stocks from several shareholders at the price of Rp160 per share.
When the parties concerned had agreed to the conditions of the acquisition and after the signing of a document on the acquisition, Excel would make a tender offer for the TRIM shares in accordance with Bapepam regulations.
PT Trimegah Securities director Rosinu said recently the acquisition of half of Trimegah shares by OCBC was still in the process of being negotiated. (*)