PT Bogamulia Nagadi, the controlling shareholder of PT Tempo Scan
Pacific Tbk (TSPC), will sell shares to foreign investors through a
private placement scheme.
Bogamulia Nagadi controlled by Kartini Muljadi's through PT Kumpulan Mulia which has 99.99% shares and the remaining 0.01% shares held by Kartini Muljadi’s son, Handojo Selamet Muljadi.
Of the total 4.5 billion shares of TSPC, as much as 95.06% owned by Bogamulia Nagadi. The rest is equal to 4.94% of total paid-up shares owned by public.
Management Tempo Scan announce in a prospectus, released on Monday, May 7, 2012 stating that the private placement is not aimed to seek additional funding for the activities of the company. But rather to enhance the liquidity of the TPSC stocks, broaden the investor base, as well as to increase the number of outstanding shares in the public.
"Implementation of the private placement is expected to have a positive impact not only to the company, but also to the stock exchange and public shareholders," said management.
Bogamulia Nagadi controlled by Kartini Muljadi's through PT Kumpulan Mulia which has 99.99% shares and the remaining 0.01% shares held by Kartini Muljadi’s son, Handojo Selamet Muljadi.
Of the total 4.5 billion shares of TSPC, as much as 95.06% owned by Bogamulia Nagadi. The rest is equal to 4.94% of total paid-up shares owned by public.
Management Tempo Scan announce in a prospectus, released on Monday, May 7, 2012 stating that the private placement is not aimed to seek additional funding for the activities of the company. But rather to enhance the liquidity of the TPSC stocks, broaden the investor base, as well as to increase the number of outstanding shares in the public.
"Implementation of the private placement is expected to have a positive impact not only to the company, but also to the stock exchange and public shareholders," said management.
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