JAKARTA. NTAsian Discovery Master Fund has been listed as a new shareholder in PT Surya Pertiwi Tbk (SPTO), a company which trades sanitary products and the sole agent of Toto sanitary products.
As of February 11, 2019, based on a report released by the Indonesian Central Securities Depository, the Cayman Island-based hedge fund manager owns a 9.71% stake or 262.3 million shares in SPTO.
NTAsian Discovery Master Fund is a hedge fund manager that is part of NTAsset Cayman Ltd, a Cayman Islands-based investment manager.
NTAsian Discovery Master Fund is listed by the IDX as owning a 9.9% stake in PT BFI Finance Tbk (BFIN), a 12.5% stake in PT Catur Sentosa Adiprana Tbk (CSAP), and a 6.1% stake in PT Electronic City Indonesia Tbk (ECII).
SPTO's other shareholders include PT Multifortuna Asindo and PT Suryaparamita Abadi, each owning a 30% stake.
In May last year, SPTO launched an IPO by releasing 700 million shares with a price of Rp 1,1600 per share. (AM/MS)