Monday, September 30, 2013

Indonesia Market Summaries 30 September 2013

  • PT Budi Starch and Sweetener Tbk (MIND,Rp 100) has realized repurchase ( buyback ) as many as 12.1 million shares or a 0.3 % share of the total shares outstanding. Manufacturers of tapioca starch and cassava-based artificial sweetener that has set aside 25 billion to buyback shares amid plunging stock price index (IHSG).

    The company formerly known as PT Budi Acid Jaya Tbk has done buyback in the period of time, September 5 to 6, September 9 to 13, September 16 to 20, and then September 23 to 27. Funds of stock buyback amounting to Rp 25 billion is derived from the company's reserve fund, which the company retained earnings unappropriated, valued at Rp 209,6 billion as of June 30, 2013. (Bisnis.com)
  • PT Rajawali Nusantara Indonesia ( RNI ) Persero plans to acquire Australian cattle farms with 200,000-500,000 cows. According to the Director of RNI, Mr Ismed Hasan Putra, the company has prepared about 350 billion fund. This budget was derived from internal cash about 30 % and 70 % bank loan.

    Currently, the company is verifying five companies. He expects corporate takeover can be completed in January 2014. SoE Minister Dahlan Iskan has appointed PT Pupuk Indonesia Holding Company (Persero) to buy cattle company in Australia with a land area of ​​1 million hectares, while RNI can manage cattle in smaller amounts. (IMQ)
for Indonesia Market Summaries 30 September 2013

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