April 27 (Bloomberg) -- Shares of the following companies may have unusual moves in Indonesian trading. Stock symbols are in parentheses, and share prices are as of the previous close.
The Jakarta Composite index fell 0.4 percent to 3,774.87.
PT Bakrie Telecom (BTEL IJ): The Indonesian mobile-phone operator plans to complete the acquisition of a more than 60 percent stake in a telecommunications company in May, Kontan reported, citing Rakhmat Junaidi, director of corporate services. The report didn’t identify the company being purchased. Bakrie Telecom was unchanged at 385 rupiah.
PT Bank Ekonomi Raharja (BAEK IJ): HSBC Holdings Plc, Europe’s biggest bank by market value, said it is required to cut its stake in Bank Ekonomi by August 2011 because of local regulations, according to a statement to the stock exchange. HSBC will reduce the stake to 88.89 percent, from 98.96 percent currently, by a sale of shares on the Indonesian stock exchange over several months, the statement said. Bank Ekonomi was unchanged at 2,500 rupiah when it last traded April 15.
PT Bank Permata (BNLI IJ): The bank named PT Danareksa Sekuritas, PT Standard Chartered Securities Indonesia and PT NISP Sekuritas as underwriters for a planned subordinated debt offering of about 1 trillion rupiah ($116 million) in June, Bisnis Indonesia reported.
Permata, which is partly owned by PT Astra International (ASII IJ), fell 1.7 percent to 1,720 rupiah. Astra, Indonesia’s biggest automotive retailer, dropped 1.5 percent to 54,100 rupiah.
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