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25th April, 2013

NUSA RAYA CIPTA Tbk Release 12.34% Shares to the Public


Construction company PT Nusa Raya Cipta Tbk will sell 12.34% or 306.09 million shares in the IPO (initial public offering / IPO). Management led by Hadi Winarto Christianto it describes the initial offering period (bookbuilding) started today, Thursday (30/05/2013) by 7 June 2013. Meanwhile, the effective statement related to the corporate action is expected to be obtained on June 18, 2013.

“The listing of its shares on the Indonesia Stock Exchange we hope can be realized on June 27, 2013,” he explained in the prospectus
published on Thursday (05/30/2013) .Bersamaan with the IPO, the company will also issue warrants series I as much as 102.03 million shares that can be converted into new shares. Series I warrants is granted to any new shareholders whose names are registered in the register of shareholders allotment freely with the provisions of each holder of three new shares will receive one warrant Series I.

It is also mentioned in the prospectus, as of May 27, 2013, as many as 8% or 173.91 million shares of its subsidiary PT Surya Semesta Tbk Internusa it has been owned by PT Saratoga Investama Sedaya. It was based on the company’s shares in the refund agreement signed on March 18, 2013 and amended with changes and restatement agreement taking a stake in
The company on May 27, 2013.

Saratoga Investama Sedaya take over the company’s shares as much as 8% at a price of Rp120 billion. And Saratoga ownership became effective on the date of receipt of the notification letter of the publication of changes to the articles of association of the company, he explained. From the news earlier reported, the company plans to conduct a share exchange (share swap) at Saratoga before the IPO.
When it was mentioned Saratoga plans to buy some shares Nusa Raya, and Nusa Raya will buy shares Saratoga by the same amount in Cikampek toll road project Palimanan.

Source : http://www.bisnis.com