Corporate actions update
PT Bank Artha Graha controlled by Tommy Winata & Sugianto Kusuma to issue new shares in a bid to strengthen the bank's capital. The 840 million shares are offered at nominal value of Rp110.88. As of August, the bank has total asset of Rp10.2 trillion.
Meanwhile PT Perusahaan Gas Negara (PGN) Tbk reported the delay of three months of commercial operation of South Sumatra West Java gas pipeline from initial schedule by December 2006. PGN argued the delay was mainly due to social problems, especially land acquisition, in its early stage of construction.
DIA Holdings, a minority shareholder of nickel producer PT Inco Tbk, plans to file lawsuit against CVRD (which acquired INCO Ltd in October 2006), PT Inco Tbk, and Bapepam.
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Meanwhile PT Perusahaan Gas Negara (PGN) Tbk reported the delay of three months of commercial operation of South Sumatra West Java gas pipeline from initial schedule by December 2006. PGN argued the delay was mainly due to social problems, especially land acquisition, in its early stage of construction.
DIA Holdings, a minority shareholder of nickel producer PT Inco Tbk, plans to file lawsuit against CVRD (which acquired INCO Ltd in October 2006), PT Inco Tbk, and Bapepam.
Labels: INCO, PGN, Sugianto Kusuma, Tommy Winata
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posted by yosef at 6:37 AM
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