JAKARTA: Manufacturer of automotive leaf and coil spring in Indonesia, PT Indospring Tbk said PT Indoprima Investama that controls 87.46% shares in Indospring will in near term transfer 75% of its shares to PT Indoprima Gemilang.
According to an information disclosure submitted to Indonesia Stock Exchange, Indoprima Investama also has 99.98% shares in PT Indoprima Gemilang.
“The transaction will not change the controlling shareholder, thus it does not need any tender offer,” said the company management today. (27/06/2012)
The management said the price of shares transfer is still under negotiation. Indospring share was at the level of IDR4,050 per share at 3:50 a.m. Jakarta time. Making Indospring formed market capitalization totaling IDR1,2 trillion.(T03/aph)
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