Saturday, August 26, 2006

Harry Tanoe tighten his grip on Bimantara

Harry Tanoesoedibjo has tighten his grop on PT Bimantara Citra Tbk with new shares bought to make his PT Bhakti Investama Tbk ownership at 42.2%, almost double the initial size of 24.97% when it entered the company in 2002. This week, Bhakti bought another 20 million shares of Bimantara at Rp1,300/share. Harry was considered a proxy to Mr Bambang Trihatmodjo, the former controlling owner. Bambang ownership at Bimantara has decreased from 22% to 13.08% accordingly.

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