Bakrie Global Venture Guyur BTEL Rp407 Billion

JAKARTA – PT Bakrie Telecom Tbk (BTEL) Transact affiliate through capital increase without the right order effect in advance (HMETD) or private placement phase II amounted to Rp407,075 billion. Earlier, the private placement made the company of Rp150 billion.

Such as quoted from the official description of the company that published Indonesia stock exchange (idx) in Jakarta, Friday (2/9/2012).

"The number of new shares issued by the company's new shares of 1,54 billion 2,85 billion at a price as many Rp265 per share which is entirely taken part by PT Bakrie Global Venture," the company said.

The plan, a continuation of the PMTHMETD on the first stage of which has been distributed Rp150 billion company on June 26 last year to make ends meet working capital and capital expenditure plans.

"As for the realization of the Plan phase II Rp 407.075.865.000 will be used for the repayment of a portion of bonds that will mature in quarter III of 2012. The rest will be used for working capital needs, including repayment of Payables portion with a third party, "he added.

As information, with unsettled transactions, then will have as many BGV 6,87% of all shares that have been placed and paid in full in the company.(Exspost News)