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Tower Bersama conducts mandatory offer

07 February 2019 11:32 AM  Company: PT. Tower Bersama Infrastructure Tbk[TBIG]
Rp. 3,120  +20 (0.65%)

JAKARTA - PT Tower Bersama Infrastructure Tbk (TBIG) conducts the mandatory tender stock on behalf of the PT Visi Telekomunikasi Infrastruktur Tbk (GOLD) of 28,438,700 shares or 9.04% of the issued and paid-up capital. The price in the mandatory tender stock is Rp 556 per share.

As cited from the company's disclosure of information,  other shareholders of the company including PT Amanda Cipta Persada, PT Mulia Sukses Mandiri, Scavino Ventures Ltd, PT Lancar Distrindo and PT Sukses Prima Sakti.

Tower Bersama, the new controlling company of Visi Telekomunikasi, stated that it has allocated funds to pay for the stocks in the mandatory tender. The mandatory offering will start on 8 February 2019 and will end to 11 March 2019. The underwriter is PT Indo Premier Sekuritas.

For information, Tower Bersama and Visi Telekomunikasi have signed a share sale and purchase agreement, in which the buyer has a deal to purchase 160,446,200 shares or 51% of the issued and paid-up capital of Visi Telekomunikasi. 51% of the shares have been bought by Tower Bersama for Rp 35.45 billion from five companies, including Amanda Cipta Persada, Mulia Sukses Mandiri, Scavino Ventures Ltd, Lancar Distrindo and Sukses Prima Sakti. (LK/AR) 

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PT. Tower Bersama Infrastructure Tbk [TBIG]   Rp. 3,120   +20 (0.65%)