PT Bank CIMB Niaga Tbk, one of the lender for for Matahari Departement Store have change to cancel the loan. Consortium of Bank CIMB Niaga and Standard Chartered Bank Indonesia for Matahari Departmen Store (MDS) worth IDR3.25 trillion.
MDS loan has 98 percent corporate stocks as collateral which will be acquired by Meadow Indonesia with BI rate plus 6 percent.
MDS loan has 98 percent corporate stocks as collateral which will be acquired by Meadow Indonesia with BI rate plus 6 percent.
The Capital Market and Finance Institution Supervisory Agency (Bapepam-LK) has warned CVC and Matahari to seek other funding to acquire MDS.
The sales process of 90.76 percent of MDS by the holding firm of PT Matahari Putra Prima Tbk to CVC Capital Partners have loan provided by bank consortium of PT CIMB Niaga Tbk and Standard Chartered Bank Indonesia oleh MDS worth IDR3.25 trillion.
The loan insured 98 percent of MDS shares which will be owned by Meadow Indoensia with the rate equals to SBI plus 6 percent. the other collateral is account receivable of Matahari Putra Prima to PT Asri Agung Permai (MDS subsidiary firm) worth IDR1 trillion and to Asri Agung worth IDR2.8 trillion.
But, in the context of divestment of Matahari Putra Prima to Meadow, the payment pattern of IDR5.3 trillion cash plush IDR1 trillion debt without any collateral and 20 percent MAC shares (other Matahari subsidiary firm) plus warrants.
CVC and PT Matahari signed sell and purchase agreement January 23 of 2.65 billion shares of PT Matahari Department Store Tbk (MDS) or 90.76 percent as from the total capital placement with transaction worth IDR7.16 trillion or IDR2,705.33 per share.
Bapepam LK indicated the stock trade transaction (of MDS) done by 28 brokers by December 2009 was executed by local brokers.
The loan insured 98 percent of MDS shares which will be owned by Meadow Indoensia with the rate equals to SBI plus 6 percent. the other collateral is account receivable of Matahari Putra Prima to PT Asri Agung Permai (MDS subsidiary firm) worth IDR1 trillion and to Asri Agung worth IDR2.8 trillion.
But, in the context of divestment of Matahari Putra Prima to Meadow, the payment pattern of IDR5.3 trillion cash plush IDR1 trillion debt without any collateral and 20 percent MAC shares (other Matahari subsidiary firm) plus warrants.
CVC and PT Matahari signed sell and purchase agreement January 23 of 2.65 billion shares of PT Matahari Department Store Tbk (MDS) or 90.76 percent as from the total capital placement with transaction worth IDR7.16 trillion or IDR2,705.33 per share.
Bapepam LK indicated the stock trade transaction (of MDS) done by 28 brokers by December 2009 was executed by local brokers.
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ありがとうございました...常に恵まれていることが祈りをしてください。
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