Friday, May 22, 2009

Danamon stocks sold at 8.4% discount

One of the shareholders of PT Bank Danamon Tbk sold 163.3 million shares worth IDR3,800.
Document sent to me mentions the stocks of Bank Danamon sale is done by institutional investors with Morgan Stanley assistance.
The price of IDR3,800 is the 8.4 percent discount as from Bank Danamon stock price Tuesday at the level of IDR4,150. Referring to the IDR3,800 price, Bank Danamon stock sales will provide DIR620.54 billion proceeds.
Director of Bank Danamon Vera Eve Lim admitted for being uninformed with the stock sale details and the investors organizing the corporate action. "It'd better to ask to the authority as it does not deal with the management," she said me yesterday.
In two days early this week, Bank Danamon stock price sharply mounted. Monday it increased 11.28 percent into IDR3,700 as from IDR3,325 last week.
The stock price sharply jumped 11.28 percent into IDR4,150 Tuesday. But Wednesday it declined 10.24 percent into IDR3,725 per share unit so that the market capitalization stood at IDR31.14 trillion.
As per 31 March, Asia Financial Pte Ltd possessed 67.86 percent of Bank Danamon stocks and the rest went to public.

No comments: