JAKARTA - PT Harita Jayaraya, the main shareholder of PT Cita Mineral Investindo Tbk (CITA) is exploring the sales of its minority stake in CITA to a strategic partner, Glencore International Investment Ltd.
As quoted from the disclosure of company information, Lim Gunardi Hariyanto, Director of PT Harita Jayaraya, said that the sales would not have a negative impact on CITA's operation, financial condition, and business continuity.
The current composition of CITA's shareholders is as follows: PT Harita Jayaraya (91.02%), PT Suryaputra Inti Mulia (6.38%), and the public (each under 5%) (2, 61%). (LK/AR)