Agung Podomoro, Jasa Marga, Mayora: Indonesian Equity Preview
The Jakarta Composite index rose 1.2 percent to 4,215.44.
PT Agung Podomoro Land (APLN) : The property developer acquired a 65 percent stake in Plaza Balikpapan, a shopping mall in East Kalimantan province, for 210 billion rupiah ($22.9 million), Investor Daily Indonesia reported, citing Vice President Director Indra Wijaya. Agung Podomoro also plans to sell about 1 trillion rupiah of bonds in June or July to buy as many as 15 properties over the next two years, the report said. The stock was unchanged at 350 rupiah.
PT Jasa Marga (JSMR) : Indonesia’s biggest toll operator plans to sell its remaining 81.6 million shares in rival PT Citra Marga Nusaphala Persada (CMNP) , the company said without providing a timeframe. It will also sell 24.5 million of its treasury stock to the public. Jasa Marga rose 2 percent to 5,100 rupiah and Citra Marga was unchanged at 2,075 rupiah.
PT Mayora Indah (MYOR) : The candy and biscuit maker will sell as much as 750 billion rupiah of bonds to fund expansion and raise working capital, the company said. The debt sale will include 250 billion rupiah of five-year Islamic bonds, it said. The stock slid 0.3 percent to 19,150 rupiah.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com