Jakarta (ANTARA News) - PT Adhi Karya will increase its stake in the Jakarta Monorail (JM) project from 7.65 percent to 21.83 percent gradually, a company executive said.
"JM will issue new shares. Adhi Karya will purchase in stages 250,000 shares each having a nominal value of US$100," Kurnardi Gularso, Adhi Karya`s corporate secretary, told the Jakarta Stock Exchange here Thursday.
PT Adhi Karya would thus raise the value of its investment in JM by US$ 25 million to buy 25,000 shares, he said.
PT Adhi Karya would pay $15 million to purchase JM shares in the first stage after the Jakarta Monorail company obtains a guarantee from a financial institution.
The remaining $10 million would be paid in the second phase, Kurnardi said.
No comments:
Post a Comment