Wednesday, April 28, 2010

Golden Zaga increases controlling Gozco shares

Golden Zaga Ltd, the shareholder of PT Gozco Plantation Tbk, increases shares ownership at Gozco from 19.76 percent into 26 percent through market mechanism with total transaction worth at IDR130 billion.
Investment company controlled by the Gozali here transferred their stocks to an affiliate domestic investment company called PT Golden Zaga Indonesia.
The ownership transfer transaction happened yesterday with a par value of IDR100 per unit or 77.01 percent discount as from the market price of IDR435. The 98.78 billion transaction here was facilitated by PT Semesta In-dovest (MG).
At the same day, Gozco other shareholders, Wildwood Investment Pte Ltd which is in affiliation, transferred its 312.25 million shares to the Golden Zaga Indonesia worth IDR 31.225 billion. The overall transaction stood atIDR130 billion. Golden Zaga actually is a national investment company.
The shares ownership transfer here is an adjustment to the dividend sharing agenda of the shareholders.
As a national company, Golden Zaga Indonesia is subject to dividend tax. Gozco is scheduled to share IDR60 billion cash dividend or IDR12 per share unit May 12, 2010. The dividend equals to 29.36 percent of 2009 net profits.
Formerly, Golden Zaga Ltd possessed 19.76 percent GZCO stocks and Wildwood Wildwood Investment Pte Ltd 42.02 percent.
Currently Golden Zaga Indonesia owns 26 percent shares and Wildwood Invest-ment Pte Ltd cut back its possession into 35.77 percent. Besides, PT Barito Pacific Tbk still owns 11.19 percent, Wintergreen Investment Ltd 6.13 percent.
In the long run, Golden Zaga committed to boost up investment and possibly to invest other than Gozco Plantation following the robust national economy prospect.

No comments: