JAKARTA: PT Ciputra Property Tbk shifted its fund allocation amounting to IDR650 billion, initially intended for PT Subursejahtera Agungabadi, to PT Sarananeka Indapancar. Such fund was sourced from its IPO’s proceeds in 2007.
About 75% (IDR1.45 trillion) of the proceeds raised at 2007 IPO had been allocated for Ciputra Property’s other subsidiary, PT Ciputra Adigraha.
This was disclosed in the meeting announcement for its shareholders at the site of Indonesia Stock Exchange.
The company also schedules an extraordinary shareholders' meeting to seek an approval to realize a share buyback valuing IDR210 billion at most.
The extraordinary shareholders' meeting will be held on November 23 at Ciputra Hotel, Jakarta. (T02/NOM)
MORE NEWS:
- Bumi Resources To Pay US$1.3 Billion Debt To China Investment
- Oversold, JCI To Rebound
- Lonsum Boosts Capital Expenditure
- PALM OIL Climbs As Biggest Weekly Drop In 5 Months Lures Buyers
- PLN To Spend IDR2.54 Trillion For VILLAGE ELECTRICITY Program
- SINGAPORE STOCKS: Golden Agri, GP Batteries, Tiger Airways
- SEMEN GRESIK Expands To Myanmar & Vietnam
- Oil Gains As US Opposes Easing Of Iran Sanctions
- Asia Stocks Rise Second Day As Germany, China To Spur Growth
- ASX Increases 0.6% To 4,099.60
-
-
-
- MOST POPULAR SECTIONS> CURRENT ISSUE, ECONOMY, BUSINESS, MARKET & CORPORATE, CONSUMER
-
-
Showing 0 - 0 of 0 comments