The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) officially refuted the tender offer price of Qatar Telecom Q.S.C. (Qtel) for Indosat shares which is declined from IDR7,388 into IDR6,416 per share.
Bapepam measure was taken in response to the official statement of the Chairperson Qtel Group and the President Commissioner of Indosat Abdullah Bin Mohammed Bin Saud Al Thani as saying that there is change on the tender offer price of Indosat shares.
He said under the new procedure of mandatory tender offer, the price of each B series share cost IDR6,416.
Thursday, October 30, 2008
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